LexisNexis® Legal Newsroom
International Arbitration Court Awards Chevron $700 Million In Dispute With Ecuador

THE HAGUE, Netherlands — (Mealey’s) The Permanent Court of Arbitration on March 30 issued a partial arbitration award of $700 million for Chevron Corp. and Texaco Petroleum Co. (TexPet), finding that the courts of Ecuador violated international law by delaying ruling on various disputes between...

D.C. Circuit Vacates $185 Million Arbitration Award Against Argentina

WASHINGTON, D.C. - (Mealey's) A U.S. appeals court on Jan. 17 vacated a district court's confirmation of a $185,285,485.85 arbitration award issued by a foreign tribunal against the Republic of Argentina and in favor of an English distribution company, finding that the arbitration panel failed...

U.S. Supreme Court To Rule On Precondition To Arbitration Issue

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on June 10 granted a petition for writ of certiorari filed by a U.K. investor in a dispute with the Republic of Argentina over whether courts, rather than arbitrators, should decide whether a precondition to arbitration has been satisfied ( BG...