Ecopetrol CEO Felipe Bayón Innocent, No Longer Faces Jail, Rules Colombian Court

After the Second Administrative Circuit Court of Pastó, Nariño in Colombia issued a warrant for the arrest of Ecopetrol (NYSE: EC) (BVC: ECOPETROL) President Felipe Bayón in a case related to a labor dispute with an ex-employee of the petroleum company, a higher court, the Administrative Court of Nariño invalidated the warrant after Ecopetrol submitted evidence that it had complied with its obligations as an employer, provided treatment for the former employee’s hyperthyroidism and occupational diseases of mixed anxiety and depressive disorder.

Furthermore, Ecopetrol presented in its defense a medical board’s findng that “the former worker has maladaptive personality traits that limit the therapeutic response, despite the multiple pharmacological schemes ordered by psychiatry and the supportive psychotherapy carried out both for psychiatry as clinical psychology.”