Search for your article of interest

Ecopetrol wins lawsuit saving US$239M

Friday, February 1st, 2013 Category: Regulations & Policy
Usefulness:

National business newspaper Portafolio reports that the State Council (a superior court that decides on government-related cases) ruled in favor of Ecopetrol in a lawsuit in which 56 individuals sued the company for US$239M claiming ownership of the Cuisiana and Cupiagua fields subsoil. Ecopetrol provisioned the money in the mid-nineties while resolving the lawsuit, so now, after the ruling, it will be returned to the company and will be used on investments.

To read the full article, or