Chevron Coproration and Texaco Petroleum Compañy vs. Republic of Ecuador

In the arbitration process, under regulations of CNUDMI (UNCITRAL) brought by Chevron Corporation and Texaco Petroleum Company against the Republic of Ecuador by violation of the Investment Bilateral Treaty celebrated between Ecuador and United States of America, by denial of justice, on March 30, 2010 it was issued the partial decision in favor of our clients Chevron Corporation and Texaco Petroleum Company.

Dr. Alejandro Ponce Martínez, Ab. Ana Belén Posso and Ab. Daniela Román of Quevedo & Ponce intervened in the defense of such companies and cooperated with Doak Bishop, Wade Coriell, Ed Kehoe, David Weiss, Margrete Stevens and Isabel Fernández de la Cuesta of King & Spalding. The decision recognizes that Ecuador denied justice and assessed to Ecuador to indemnify to the plaintiffs. The Arbitration Tribunal reserved for a second decision, the determination of aspects related with eventual compensations in favor of Ecuador by taxation reasons