Region: Ecuador

Halliburton brings claim against Ecuador’s national oil company

A subsidiary of US oil services giant Halliburton has brought an UNCITRAL claim against Ecuador’s national oil company.

08 September 2021

Arbitration revamped in Ecuador

Rodrigo Jijón, Javier Jaramillo and Patricio Quevedo of Pérez Bustamante & Ponce in Quito consider newly enacted regulations in Ecuador that they say strengthen the country’s chances of becoming a regional arbitration hub.

31 August 2021

Ecuador deposits ratified ICSID Convention

Ecuador has deposited its instrument ratifying the ICSID Convention with the World Bank and is now less than 30 days from rejoining the treaty.

05 August 2021

Ecuador legislature condemns decision to rejoin ICSID

Ecuador’s National Assembly has condemned the government’s decision to rejoin the ICSID Convention and a recent Constitutional Court ruling that congressional approval for the treaty’s ratification was not required.

30 July 2021

Ecuador in “full default” as stay on Perenco award is lifted

Bahamian oil company Perenco says Ecuador has defaulted on an undertaking to pay a US$391 million ICSID award, as a US court lifts a stay on its enforcement.

29 July 2021

Chevron foe guilty of contempt in Ecuador dispute

US lawyer Steven Donziger has been found guilty of criminal contempt for refusing to hand over evidence in a long-running dispute with Chevron over pollution in the Amazon rainforest, which led to a landmark treaty claim against Ecuador.

28 July 2021

Ecuador ratifies ICSID Convention

Ecuador has ratified the ICSID Convention, sealing the state’s return to the treaty that it denounced over a decade ago.

20 July 2021

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

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