Ecuador will temporarily increase some taxes, sell assets, and may issue new bonds on the international market to fund a multi-billion dollar reconstruction after a devastating 7.8 magnitude quake, a somber President Rafael Correa said on Wednesday [April 20]. The …
World leaders from the Vatican to Washington offered support to Ecuador as casualties mounted following one of the strongest earthquakes to strike the South American country in decades. The number of dead has climbed to at least 350 from 272 …
Privately-owned global insurance broker Lockton announced that it “plans to strengthen its position in Latin America by entering into a joint venture with facultative reinsurance broker, Security Re, in Ecuador. “The new venture will be titled Lockton Security Intermediarios De …
Chevron Corp has filed an appeal with Ecuador’s National Court of Justice to review a judgment that the U.S. oil company pay $18 billion in damages for polluting the Amazon jungle. Chevron was ordered by an Ecuadorian judge to pay …
Ecuadorean plaintiffs who won an $18 billion environmental case against Chevron Corp will pursue legal action against the company overseas in a bid to collect the damages, their lawyer said on Wednesday. An appeals court in the OPEC nation upheld …
An Ecuadorean appeals court on Tuesday upheld a ruling that Chevron Corp should pay $18 billion in damages to plaintiffs who accused the U.S. oil giant of polluting the Amazon jungle and damaging their health. A local judge ordered Chevron …
The ACE Group announced that it has acquired Rio Guayas Compania de Seguros y Reaseguros, a general insurance company in Ecuador that is owned by Banco de Guayaquil, for approximately US$55 million in cash. The insurer was founded in 1993 …
Arbitrators expect to rule as early as next month on whether they can hear a dispute between Chevron Corp. and Ecuador related to a marathon pollution liability case, according to a letter to the lawyers involved. The tribunal, working under …
A U.S. appeals court reversed an order freezing enforcement outside of Ecuador of an $18 billion damages award against Chevron Corp over pollution in the Amazonian rain forest. The order, issued by the 2nd U.S. Circuit Court of Appeals in …
Lawyers for Ecuadorean villagers who sued Chevron Corp over pollution in the Amazon rain forest asked a U.S. appeals panel Tuesday to modify a court order that halted enforcement of an $8.6 billion award against the oil company. The lawyers …
