Ecuadorian President Rafael Correa issued an executive order ratifying his country’s trade agreement with the European Union (EU), which will take effect on Jan. 1, 2017.
Ecuadorian Vice-President said that the trade agreement recently signed with the EU will generate plenty of opportunities and underpin the changes his country has been working toward in recent years.
The oil giant Chevron Texaco and its decades-long battle to avoid paying damages it owes in one of the worst environmental disasters in history.
Communiqué of the Global Campaign to Reclaim Peoples Sovereignty, Dismantle Corporate Power and Stop Impunity.
“We don’t want what happened to us to happen to the people in Dakota,” Piaguaje told teleSUR.
Some of Canada’s largest environmental, labor and civil society organizations have now joined the growing international community demanding that Chevron clean up its toxic waste in the Ecuadorian Amazon.
The latest salvo in a marathon multibillion-dollar legal battle between global energy giant Chevron Corp. and a group of Ecuadorean residents over environmental damage has begun in a Toronto court.
The so-called “ISDS” has been existing for years already. A revealing look in the hidden world of investor-state dispute settlement.
Ecuador in the early 90’s, during the great neoliberal onslaught, had modified and established laws to ensure attractive profits to foreign companies. Additionally, Ecuador subscribed 21 BITs out of a total of 30 signed treaties between 1985 and 2003.
Ecuadorean plaintiffs cannot collect a $9-billion judgment in the US against Chevron Corp. for rainforest damage, a federal appeals court ruled Monday.
For the first time ever, progress is being made at the United Nations for a binging legal instrument that would hold corporations accountable for human rights violations.
Ecuador has paid $112 million to energy company Chevron Corp over a four-decade-old contract dispute, even though it remains in disagreement, the head of the central bank has said.
Chevron shareholders remain wary of the risks from an $11 billion judgment against the company in Ecuador. They also continue to be critical of Chevron management’s mishandling of the case.
Next October Ecuador is to begin the negotiations for a comprehensive trade agreement with the European Free Trade Association (EFTA).
The U.S. Supreme Court let stand a $96 million international arbitration award issued in 2011 in favor of energy company Chevron in a dispute over the development of oil fields in Ecuador.
The Permanent Court of Arbitration awarded the Company damages of US$19,447,498, plus pre- and post-award interest.
The new Ecuadorian minister of foreign trade said he wants to come to Brussels to push for an acceleration of the EU-Ecuador free trade agreement’s ratification.
The Ecuadorean government is being forced to use money that could go toward relief efforts to instead pay off a multinational oil company.
US oil company wanted EU-US trade deal to give foreign investors the legal right to challenge government decision, documents show
The Oxy II awards subvert the notion of sovereignty: by whom and how a country’s natural resources are used becomes a minor question as long as wealth is maximised.