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News
July 26, 2016

In the News Today – July 26, 2016

  • What are the Ramifications of Ecuador’s $112 Million Arbitration Award Payment to Chevron?: Ecuador last week paid Chevron Corporation $112 million in a four-decades-old arbitration case concerning Texaco’s (later acquired by Chevron) development of Ecuadorian oil fields. The payment leaves BloombergBusinessWeek’s Paul Barrett wondering if this signals a softening of Ecuador’s position on other, more high-profile, legal battles between Ecuador and Chevron. (BloombergBusinessWeek
  • CFPB Enforcement Actions Up 50 Percent in 2015: “The number of formal enforcement actions brought by federal banking agencies stayed steady in 2015 as the Consumer Financial Protection Bureau increased the number of actions it brought by 50 percent and the Justice Department continued to pursue its recent role as quasi bank enforcement authority.” (Bloomberg BNA)

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