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Union of Persons Affected by Chevron withdrew the USD 96 million embargo
Posted On 26 Jul 2016
The Union of Persons Affected by Chevron withdrew the embargo to prevent the Ecuadorian state from paying USD 96 million to the Chevron oil company, plus interest, as compensation.
The aim of the injured parties was that the money would be given to them in compensation for the alleged damages caused by the company to them. The legal representative of the victims, Pablo Fajardo, submitted a written statement to the Court of Sucumbios desisting from the embargo and it was accepted. The judge’s ruling, issued on July 21, in summary states: “serving the will of the litigant, that once required the embargo of $ 96’355.369.17 Ecuador owes to Chevron, the embargo is canceled.”
Ecuavisa contacted Fajardo to find out what motivated them to make this decision, but he reported by telephone that next Wednesday he will travel to Quito to give a press conference with the affected parties.
Diego Garcia, State Attorney General, said he is not aware of the reasons the Amazon plaintiffs had to lift the embargo.
Without the legal impediment the embargo represented, Ecuador paid last Friday about USD 112 million to Chevron.
