Ecuador: Judgement against U.S. company in Canadian Court

Posted on February 27, 2014 • Filed under: Business, Conflicts, Ecuador, United States reported that…In Yaiguaje v. Chevron Corp, 2013 ONCA 758, the Ontario Court of Appeal affirmed that an Ontario court has the power to recognize and enforce a judgment for approximately US $9.51 billion rendered by Ecuador’s National Court of Justice against Chevron Corporation (“Chevron”), and its Canadian subsidiary, Chevron Canada Limited (“Chevron Canada”), which was not a party to the Ecuadorian action. In doing so, the Ontario Court of Appeal also lifted the stay on the proceeding which had been granted by the motions judge, rendering the enforcement win theoretical only. Soon after this decision, however, Chevron and Chevron Canada in Yaiguaje v. Chevron Corp, 2014 ONCA 40 successfully brought a motion to stay the order pending its appeal to the Supreme Court of Canada. Read Article


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