International tribunal favors Chevron in fraudulent $9.5b judgment by Ecuador court

An international tribunal administered by the Permanent Court of Arbitration in The Hague has issued an award in favor of Chevron and its indirect subsidiary, Texaco Petroleum Company (TexPet), finding that the Republic of Ecuador violated its obligations under international treaties, investment agreements and international law. The tribunal unanimously held that a $9.5 billion judgment rendered against Chevron in Lago Agrio, 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 fraudulent Ecuadorian judgment “violates international public policy” and “should not be recognised or enforced by the courts of other States.” As a matter of international law, this award confirms Chevron is not obliged to comply with the Ecuadorian judgment.

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Nigeria: Urgent need to assent to 2018 Electoral Bill

By Femi Falana– In exercise of his constitutional  powers, President Mohammadu Buhari decided to veto the 2018 Electoral Bill passed by both chambers of the National Assembly on the grounds that it contained certain provisions which were inconsistent with the provisions of the 1999 Constitution. Since the grounds for refusing to assent to the Bill by the President were well founded the National Assembly has rightly expunged the unconstitutional provisions and passed a new Electoral Bill. The new Bill which has been transmitted to the President is awaiting his assent.

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