Posts From King World News

US appeals court orders Ecuador to pay $96 mn to Chevron

A US federal appeals court on Tuesday upheld a $96 million award that Ecuador must pay oil giant Chevron in an arbitration of their dispute over Chevron’s investments in the country. The arbitration decision against Ecuador also had been ratified in the Netherlands, with the Dutch Supreme Court ruling in September 2014 that Ecuador must pay the award. Chevron, in a statement in Spanish, said it was “pleased” with the