ECUADOR’S $9.5B CLAIM REJECTED

The Supreme Court of the Netherlands dismissed Ecuador’s attempts to annul decisions of an international arbitral tribunal that ordered Ecuador to prevent enforcement of a US$9.5 billion judgment against Chevron Corp. anywhere in the world, the U.S. oil major said. Chevron said the Dutch court’s decision upholds rulings of two Dutch lower courts which rejected Ecuador’s attempts to annul those awards. Earlier this month, the Supreme Court of Canada had dismissed claims attempting to force Chevron’s Canadian unit to pay the US$9.5 billion judgment.