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Following the election of Lenin Moreno as president this April, Ecuador looks set to renegotiate its bilateral investment treaties and - it has been suggested - could even readopt the ICSID Convention.
17 October 2017
An ICSID annulment committee has lifted a stay of enforcement of a US$380 million award in favour of ConocoPhillips against Ecuador, ruling that the state's budgetary pressures - Including the cost of a devastating earthquake - do not justify delaying payment.
04 September 2017
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