Last August, the arbitral tribunal in The Hague also ruled in favor of Chevron in its final award on liability, finding the Republic of Ecuador liable for violating its obligations under international treaties, investment agreements and international law. The tribunal ordered the Republic of Ecuador to permanently render unenforceable the fraudulent Ecuadorian judgment against Chevron Corporation. In a unanimous ruling by a panel including an arbitrator chosen by the Republic of Ecuador, the tribunal held that the $9.5 billion judgment rendered against Chevron in Ecuador in 2011 was procured through fraud, bribery and corruption and was based on claims that had been already settled and released by the Republic of Ecuador years earlier. The tribunal concluded that the Ecuadorian judgment “violates international public policy” and “should not be recognised or enforced by the courts of other States.” The award also declared the Republic of Ecuador responsible for reparation to Chevron under international law should the Ecuadorian judgment ever be enforced anywhere in the world.
https://apnews.com/press-release/pr-bus ... 6b159eaf49