Region: Ecuador

Ecuador liable for moral damages in oilfield dispute

An UNCITRAL tribunal has ordered Ecuador to pay US$11 million to a Singaporean company in an oil field dispute, including moral damages for its “malicious” behaviour in a related criminal proceeding.

08 June 2022

PCA hears cement group’s treaty claim against Ecuador

A Permanent Court of Arbitration tribunal is in place to hear a Swiss multinational’s investment treaty claim against Ecuador concerning liability for additional contributions to pensions of retired workers at a cement business.

13 April 2022

A blow to legal security in Ecuador’s mining sector

Lawyers from King & Spalding and Pérez Bustamante & Ponce argue a recent Constitutional Court judgment in Ecuador blocking a mining project within a protected cloud forest has destabilised legal security while protections for foreign investors in the country have dissipated.

10 February 2022

Chilean state entity brings ICSID claim against Ecuador

Chile’s state-owned copper company has filed an ICSID claim against Ecuador, while a treaty dispute over another mining project is on the horizon.

26 January 2022

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

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