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Ecuador has ratified the ICSID Convention, sealing the state’s return to the treaty that it denounced over a decade ago.
20 July 2021
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
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
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
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
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
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
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