Chevron sued in Argentina over Ecuadorean spills

Law Firm News Posted on

Lawyers for Amazonian Indians are seeking the seizure of $2 billion of Chevron Corp.'s assets in Argentina as they try to collect an $18.7 billion environmental judgment won in Ecuador last year.

Argentine lawyer Enrique Bruchou said Thursday that his seizure request should send a strong signal to foreign investors that they must apply the same environmental standards wherever they do business. Similar lawsuits were filed this year in Canada and Brazil.

"We will win this case. And it's going to set an example for the world that we in Latin America have grown up now and that we need to be treated as equals," Bruchou said.

Chevron is refusing to pay, saying fraud marked the trial and that the Texaco Petroleum Co. mitigated the environmental damage long before it became a Chevron subsidiary in 2001.

"The Ecuador judgment is a product of bribery, fraud, and it is illegitimate. The company does not believe that the Ecuador judgment is enforceable in any court that observes the rule of law," the San Ramon, Calif.-based oil giant said in a statement.

Legal News Media

Legal News Organization press is the top headline legal news provider for lawyers and legalprofessionals. Read law articles and breaking news from law firm's across the United States to get the latest updates. The content contained on the web site has been prepared by Legal News Media as a service to the internet
community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.

 

www.legal-news.org

 

American Bar Association – Start and Run a Law Firm

NewYorkStateBar.com – Starting a Law Firm

Lawyer Web Direct

CPA Website Designs