Notice: We are currently performing maintenance to improve the italaw platform. The site remains fully accessible. Thank you for your patience.

Chevron and TexPet v. Ecuador (II), Petition to Confirm Arbitration Award, July 17, 2026

17 Jul 2026
Chevron Corporation and Texaco Petroleum Corporation v. Ecuador (II), PCA Case No. 2009-23
View case details
Petition to Confirm Arbitration Award
Document Details:
LISTED PARTICIPANTS
Petition to Confirm Arbitration Award
Participants listed are for this document only and may not include all participants involved in the entire case. Always consult the original documents.
Claimant appointee
Horacio A. Grigera Naón
Respondent appointee
Vaughan Lowe
Tribunal/Panel chair
Albert Jan van den Berg
Arbitrator(s)
Van Vechten Veeder
Sole Arbitrator
ICSID Annulment Committee president
ICSID Annulment Committee members
WTO Appellate Body members
WTO Appellate Body chair
Judges
Claimant's counsel
Josef M. Klazen, Steven G. Kobre, Jeremy O. Bressman, Lydia L. Halpern, Alyssa L. Aubuchon
Claimant's law firm
Respondent's counsel
Respondent's law firm
Other counsel
Claimant's expert
Claimant's expert firm
Respondent's expert
Respondent's expert firm
Claimant's witness
Respondent's witness
Other witnesses
Tribunal secretary
Tribunal assistant
Third-party funder
Entities
Chevron Corporation, Texaco Petroleum Corporation, Empresa Estatal de Petroleos de Ecuador, PetroEcuador, Kobre & Kim, King & Spalding, Three Crowns, Winston & Strawn, Dechert, Foley Hoag, Ecuador
Country
United States
Print reporter
Document Summary
Petition to Confirm Arbitration Award
This summary note is machine-generated. Always consult the original materials.

Procedural Posture

Chevron Corporation and Texaco Petroleum Company (Petitioners) filed a Petition to Recognize Arbitration Award before the United States District Court for the District of Columbia against the Republic of Ecuador (Respondent). The petition seeks the confirmation and enforcement of the Track III Award dated November 17, 2025, and the subsequent Correction Decision dated February 5, 2026, rendered by a PCA-administered tribunal under the UNCITRAL Arbitration Rules.

Principal Legal Issues

The core issue before the District Court is whether the Track III Award should be recognized and enforced pursuant to the New York Convention and its implementing legislation, 9 U.S.C. § 201 et seq. Petitioners assert subject-matter jurisdiction under the Foreign Sovereign Immunities Act (FSIA), 28 U.S.C. § 1605(a)(6), arguing that Ecuador waived its sovereign immunity by becoming a Contracting State to the New York Convention and agreeing to arbitrate the underlying investment dispute in the Netherlands.

The underlying arbitration addressed Ecuador's liability for breaches of the United States-Ecuador Bilateral Investment Treaty (BIT) and historical settlement agreements, specifically relating to the State's role in facilitating the fraudulent Lago Agrio Judgment. Following findings of liability and denial of justice in earlier phases (Track I and Track II), the Track III Award quantified the damages owed to Petitioners.

Parties' Positions and Relief Sought

Petitioners contend that the Track III Award is final, binding, and arises from a commercial legal relationship, thereby satisfying all prerequisites for enforcement under the New York Convention. They further assert that none of the exhaustive grounds for refusal of recognition under Article V of the Convention apply, noting that Ecuador's pending set-aside proceedings in the Netherlands do not automatically suspend enforcement.

Accordingly, Petitioners request that the District Court enter a money judgment against Ecuador in the amount of $216,190,460.27, which includes the principal damages awarded, accrued pre-award interest, and post-award interest, alongside costs and attorneys' fees incurred in the recognition proceedings.