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Argentine court lifts freeze on Chevron assets in pollution case

The court found that Chevron litigation in Ecuador does not involve its Argentine subsidiary

An Argentine court on Tuesday lifted a freeze on Chevron Corp.’s assets in the country, in the latest victory for the oil company in its long environmental pollution battle with Ecuador.

The asset freeze had been in effect since last November, when an Argentine judge ruled in favor of the Ecuadorean villagers who won a multibillion penalty against Chevron in 2011. But Argentina’s Supreme Court this week held that the company’s Argentine subsidiaries “have not participated in the case against [their parent company] and are legally distinct units,” the Associated Press reports.

Alanna Byrne

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