Dow Jones – Chevron Seen Far From Paying Ecuador Fine Despite Legal Setback
DATE: Thu, Sep. 22, 2011 POSTED IN: Chevron Ecuador Trial In The News
Analysts discuss the Chevron Ecuador case and the Treaty Arbitration Tribunal’s order that continues to bar enforcement of the judgment:
The injunction at The Hague, which prohibits the Ecuadorean government from enforcing the ruling, could be a powerful tool in the hands of Chevron.
“No international court will recognize the plaintiffs’ rights to enforce an Ecuadorean verdict if they are not respecting an international arbitration ruling,” said Wayne R. Wilson, an international arbitration consultant with UHY Advisors, who doesn’t represent Chevron.