1. Chevron Corporation and 2. Texaco Petroleum Company v. The Republic of Ecuador

Why it matters

Chevron Corporation (Private entity )Texaco Petroleum Company (Private entity ) v. The Republic of Ecuador, an investor-state arbitration, in which an investor brought claims against a state, administered by the Permanent Court of Arbitration in The Hague. The matter is known as the 1. Chevron Corporation and 2. Texaco Petroleum Company v. The Republic of Ecuador. For a student, the PCA is the oldest institution for resolving international disputes, and its cases range from boundary and treaty disputes between states to investor-state and commercial arbitrations. This is a worked example of how international arbitration operates above the level of any single national court.

Summary

Chevron Corporation (Private entity )Texaco Petroleum Company (Private entity ) v. The Republic of Ecuador, an investor-state arbitration, in which an investor brought claims against a state, administered by the Permanent Court of Arbitration in The Hague. The matter is known as the 1. Chevron Corporation and 2. Texaco Petroleum Company v. The Republic of Ecuador. For a student, the PCA is the oldest institution for resolving international disputes, and its cases range from boundary and treaty disputes between states to investor-state and commercial arbitrations. This is a worked example of how international arbitration operates above the level of any single national court.

The detail

Parties: Chevron Corporation (Private entity )Texaco Petroleum Company (Private entity ) v. The Republic of Ecuador

Case number: 2009-23

Outcome: Status: Pending

Applicable law: The applicable treaty, contract or arbitration rules; see the original.

Issues in play: Public international law / investment law

Read the full decision at Permanent Court of Arbitration ↗

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