Court Rejects Fraudulent Ecuadorian Judgment Against Chevron
Argentina’s highest court unanimously rejected the plaintiffs’ final bid to enforce a fraudulent $9.5 billion Ecuadorian judgment against Chevron Corporation. This is the latest in a string of legal victories in Chevron’s global defense against the Ecuadorian judgment—found by U.S. courts to be the product of fraud, bribery, and corruption, and held unenforceable as a matter of international law by an international arbitral tribunal in The Hague.
On July 30, in a unanimous 5-0 decision, the Supreme Court of Argentina dismissed the plaintiffs’ appeal from the decision by the Court of Appeals in Buenos Aires of July 3, 2018, which affirmed the trial court’s opinion and dismissed the Ecuadorian plaintiffs’ action for lack of jurisdiction. Argentina’s courts have now uniformly and definitively rejected the plaintiffs’ attempt to recognize and enforce the Ecuadorian judgment in that nation.
With the decision of the Supreme Court of Argentina, the last pending proceeding seeking the recognition of the corrupt Ecuadorian judgment has come to an end. Decisions by courts and tribunals in the United States, Brazil, Canada, Gibraltar, The Hague, and now Argentina, confirm that the fraudulent Ecuadorian judgment should be unenforceable in any court that respects the rule of law. Even the Republic of Ecuador, a longstanding supporter of the litigation against Chevron, finally admitted in a public filing earlier this month that the $9.5 billion judgment issued by its courts against Chevron is “fraudulent.”
Report by Segun Cole of Oilandgaspress.com
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