Dutch Court Rules in Favor of Chevron in Ecuador Dispute

Datum : 16/04/2019 @ 01h44
Quelle : Dow Jones News
Name : Chevron Corp. (CVX)
Kurs : 125.72  -0.26 (-0.21%) @ 22h44
Chevron share price Chart

Dutch Court Rules in Favor of Chevron in Ecuador Dispute

Chevron (NYSE:CVX)
Historical Stock Chart

3 Monate : Von Apr 2019 bis Jul 2019

Click Here for more Chevron Charts.
   By Josh Beckerman 

Chevron Corp. (CVX) said the Supreme Court of the Netherlands ruled in favor of the company in its dispute with Ecuador about a $9.5 billion judgment in an environmental case.

Last week, Canada's highest court ruled in favor of Chevron. In September, an international arbitration court in The Hague found Ecuador violated a treaty with the U.S. by allowing its court system to issue the $9.5 billion judgment.

According to Chevron, the Dutch court rejected Ecuador's argument that the awards should be annulled because they violated Ecuador's sovereignty and the rights of the plaintiffs.

Chevron, which has never operated in Ecuador, inherited the case when it bought Texaco in 2001. The 2011 judgment sought to hold Chevron responsible for environmental damage in an Amazonian village.


Write to Josh Beckerman at josh.beckerman@wsj.com


(END) Dow Jones Newswires

April 15, 2019 19:29 ET (23:29 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Kürzlich von Ihnen besucht
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

Der Markt LS (Lang&Schwarz) wird als Realtime Indikation kostenlos angezeigt und bietet Ihnen außerbörsliche Realtime Aktienkurse in der Zeit von Mo-Fr 08:00 bis 23:00, Samstags 10:00 bis 13:00 und Sonntags an.
NYSE und AMEX Kurse sind um mindestens 20 Minuten zeitverzögert.
Alle weiteren Kurse sind um mindestens 15 Minuten zeitverzögert, sofern nicht anders angegeben.
P: V:de D:20190715 20:59:50