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BRIEF-Chevron Says The Hague Court Found That International Tribunal Acted Within Its Remit In Ecuador Dispute

Published 2020-09-16, 09:22 p/m
© Reuters.
CVX
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Sept 16 (Reuters) - Chevron Corp (NYSE:CVX) CVX.N :

* THE HAGUE COURT RULES FOR CHEVRON IN ECUADOR DISPUTE

* CHEVRON - INTERNATIONAL ARBITRAL TRIBUNAL FOUND $9.5 BILLION ECUADORIAN JUDGMENT AGAINST CO PROCURED THROUGH FRAUD, CORRUPTION BY PLAINTIFFS' LEGAL TEAM

* CHEVRON - INTERNATIONAL ARBITRAL TRIBUNAL ALSO REJECTED UNDERLYING ENVIRONMENTAL ALLEGATIONS AGAINST CHEVRON

* CHEVRON - TRIBUNAL FOUND THAT CO'S SUBSIDIARY COMPLETED AN ENVIRONMENTAL REMEDIATION PROGRAM SUPERVISED AND APPROVED BY REPUBLIC OF ECUADOR

* CHEVRON - DISTRICT COURT OF THE HAGUE UPHELD THE AWARD IN FULL AND REJECTED THE REPUBLIC OF ECUADOR'S ATTEMPT TO SET IT ASIDE

* CHEVRON - COURT FOUND THAT INTERNATIONAL TRIBUNAL ACTED WITHIN ITS REMIT WHEN ISSUING THE AWARD

* CHEVRON - COURT HELD THAT "BECAUSE NONE OF SETTING ASIDE GROUNDS BROUGHT FORWARD BY ECUADOR SUCCEED, CLAIMS WILL BE DENIED"

* CHEVRON-COURT CONCLUDED TRIBUNAL'S ORDERS PROPERLY SOUGHT TO “REMOVE THE CONSEQUENCES OF A FRAUDULENT JUDGMENT THAT WAS RENDERED BY A CORRUPT JUDGE."

* CHEVRON-COURT'S RULING FOLLOWS DECISIONS FROM COURTS IN ARGENTINA, BRAZIL, CANADA, GIBRALTAR, U.S. REJECTING FRAUDULENT ECUADORIAN JUDGMENT AGAINST CO

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