King & Spalding Obtains $96.4 Million Award For Chevron

Tuesday, October 4, 2011 - 01:00

King & Spalding's international arbitration team has secured a significant victory on behalf of long-time client Chevron Corporation and its subsidiary Texaco Petroleum Company, in a dispute with the government of Ecuador. A tribunal found that Ecuador's courts violated international law through their significant delays in ruling on disputes between Texaco Petroleum and the Ecuadorian government, and awarded Chevron $96.4 million.

The tribunal's decision resolves seven commercial claims filed by Texaco against Ecuador between 1991 and 1993 seeking relief for the country's alleged breaches of contracts signed in the 1970s. Ecuadorian courts delayed rulings on the cases for over a decade, which the tribunal determined was a violation of Ecuador's obligation under its Bilateral Investment Treaty with the United States to provide effective means for U.S. investors in Ecuador to assert claims and enforce their rights.

The King & Spalding team representing Chevron in the arbitration included partners R. Doak Bishop, Edward G. Kehoe and Wade M. Coriell and associates Isabel Fernandez de la Cuesta, David H. Weiss and Elizabeth Silbert, with assistance from consultant Margrete Stevens.

Transactional lawyer Brittain A. (Britt) Rogers has joined the corporate practice of King & Spalding in Atlanta, Ga., as counsel, the firm announced today. Rogers joins King & Spalding from the New York office of Cravath, Swaine & Moore LLP.

Mr. Rogers focuses on complex public and private mergers, acquisitions and divestitures; counsels banks and borrowers in complex syndicated loan transactions; and represents issuers and investment banks in public and private offerings of debt and equity. He also provides clients guidance on corporate governance, U.S. Securities and Exchange Commission reporting obligations and employment issues.

Thirteen King & Spalding lawyers have been named by Super Lawyers magazine as top attorneys in Texas for 2011. The list, published by a unit of Thompson Reuters, identifies lawyers who have attained a high degree of peer recognition and professional achievement and is determined by an extensive poll of lawyers in the Texas region.

The 13 King & Spalding lawyers named to the Super Lawyers list (and their specialities) are Doak Bishop - International, Alternative Dispute Resolution; John P. Bowman - Energy & Natural Resources, International, General Litigation; Kenneth S. Culotta - International, Energy & Natural Resources, Projects; Dennis C. Dunn - Health Care, Mergers & Acquisitions, Business/Corporate; Gary W. Eiland - Health Care; Gregory N. Etzel - Health Care; Bruce Hurley - Civil Litigation Defense, General Litigation, Class Action/Mass Torts; Henry J. Kaim - Bankruptcy & Creditor/Debtor Rights; Nancy Collier LeGros - Health Care; Robert E. Meadows - General Litigation, Business Litigation, Class Action/Mass Torts; Tracie J. Renfroe - Environmental Litigation, Business Litigation, General Litigation; Edward L. Ripley - Bankruptcy & Creditor/Debtor Rights; and Mark W. Wege - Bankruptcy & Creditor/Debtor Rights.