Scandoil  

Supreme Court of the Netherlands rules in favour of Ecopetrol in LLanos Oil Exploration case


Published Apr 24, 2015
Ecopetrol S.A.

Ecopetrol S.A. hereby informs that on March 18 the Supreme Court of the Netherlands notified the final verdict in favor of Ecopetrol S.A. in the lawsuit filed in 2011 by the Llanos Oil Exploration Ltd. against the company.

The Dutch Supreme Court dismissed, without any explanation, Llanos Oil Exploration Ltd.'s cassation appeal against the Court of Appeal and District Court of The Hague decisions, in which they declared that there was no jurisdiction to render judgment on the termination of the Guatapuri association contract occurred on July 23, 2003, termination that originated the lawsuit against Ecopetrol S.A.

As a result of the Supreme Court of the Netherlands decision, Llanos Oil Exploration Ltd.'s claim for damages for approximately 7,000 million euros, as a consequence of the termination of the Guatapurí association contract by Ecopetrol S.A., loses all legal basis.

Tags: Ecopetrol S.A.




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml