Region: Ecuador
Panama court sets aside award against non-signatories
The Panamanian Supreme Court has partially annulled an award in favour of an Ecuadorean port authority that held affiliates of a Hong Kong conglomerate liable under a concession contract that they had not signed.
14 May 2019
Ecuador in treaty U-turn under new leader?
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
ICSID panel unmoved by earthquake plea
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
Ecuador's claim for Amazon pollution to continue
The ICSID tribunal hearing Perenco's dispute with Ecuador has refused an application by the Bahamian oil company to dismiss the state's US$2.5 billion counterclaim on res judicata grounds, after another tribunal ruled on its liability for environmental damage in a separate case.
25 August 2017
Ecuador faces bid to enforce treaty award in US court
A Canadian mining company has applied to a US court to enforce a US$25 million investment treaty award against Ecuador – as the state seeks to overturn the award in the Dutch courts.
06 March 2017