Chevron says Dutch Supreme Court rejects Ecuador's $ 9.5 billion claim

(Reuters) – The Supreme Court of the Netherlands has rejected Ecuador's attempts to overturn the decisions of an international arbitral tribunal ordering its country to prevent the execution of a $ 9.5 billion judgment. dollars against Chevron Corp worldwide, announced Tuesday the American oil giant.

Chevron said the Dutch court's ruling upheld the decisions of two lower Dutch courts that rejected Ecuador's attempts to overturn the awards.

"The Dutch Supreme Court found that the disputed arbitration awards were in accordance with public policy and justified by the concern to prevent irreversible harm to Chevron," the company said.

Earlier this month, the Supreme Court of Canada rejected requests to compel Chevron's Canadian unit to pay Ecuador's $ 9.5-billion judgment against the company for pollution in the United States. Andean country.

Residents of the Lago Agrio region of Ecuador are attempting to force Chevron to pay for water and soil contamination from 1964 to 1992 by Texaco, a Chevron property acquired in 2001.

The villagers obtained a verdict against Chevron in Ecuador in 2011.

The latest decision adds to several court wins that Chevron won against the plaintiffs and its legal team in this case.