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U.S. appeals court upholds $96M to Chevron in contract dispute with Ecuador

2015-08-04 19:24:07| Energy - Topix.net

A U.S. appeals court has upheld a $96 million arbitration award to Chevron Corp. stemming from a 1990s-era oil contract dispute with the government of Ecuador. The U.S. Court of Appeals for the District of Columbia Circuit on Tuesday rejected Ecuador's challenge to the 2011 award from the Netherlands-based international arbitration panel.

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