Chevron: 18 billion dollars?
Mark Kantor, an arbitrator and independent practitioner based in Washington, DC, discusses the massive judgment of an Ecuadorean court in the long-running Lago Agrio litigation against Chevron.Yes, Ecuador has been ordered by an investment treaty tribunal not to assist with its enforcement for now; and yes, the US District Court for the Southern District of New York has preliminarily enjoined the Ecuadorean plaintiffs, their US and local counsel and almost anyone else subject to US jurisdiction from enforcing it. But still - a US$18.2 billion judgment! That compels attention.
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