Region: Ecuador
Ecuador: one step closer to ICSID ratification
Gary Born and Soledad Peña Plaza of WilmerHale in London consider a “remarkable” recent decision by Ecuador’s Constitutional Court that the country’s ratification of the ICSID Convention does not require the approval of its National Assembly.
16 July 2021
Pharma investor’s award against Ecuador upheld
A Dutch court has upheld a US pharmaceuticals company’s €44 million investment treaty award against Ecuador, dismissing arguments that the arbitrators took on the role of a final appeal court when they held the state liable for a denial of justice.
22 June 2021
Ecuador to rejoin ICSID
In a major policy reversal, a new government in Ecuador has signed the ICSID Convention more than a decade after the state withdrew from the treaty.
21 June 2021
Ecuador fails to annul bulk of Perenco award
UPDATED: An ICSID committee has largely upheld Bahamian oil company Perenco’s US$449 million award against Ecuador – reducing the damages by US$36 million after annulling certain findings on quantum.
01 June 2021
Ecuador faces ICC claim over mining project
Chile’s state-owned copper company has filed an ICC claim against Ecuador over the alleged failure of its national mining company to develop a multibillion copper project near Quito.
09 April 2021
Ecuador faces second claim over Amazon oil projects
An Argentine-owned energy company is bringing an UNCITRAL claim against Ecuador over the termination of contracts to exploit Amazonian oil projects, a dispute that has already given rise to a US$515 million award against the state.
01 April 2021
