President Rafael Correa announced that Ecuador has reached a payment plan with the US oil company, Occidental (Oxy)
Ecuador paid $100M on Dec. 21; will pay another $100M on Jan. 15; $100M on Jan. 31; $200M on Feb. 29; $300M on March 31; and the remainder on April 29.
The resolution calls for an international forum on the implementation of measures to better protect the rights of sovereign countries from exploitative multinationals.
Perenco Ecuador Limited (Perenco)—a French-owned oil and gas company—and the Republic of Ecuador have been involved in arbitration since 2008 under the France–Ecuador bilateral investment treaty (BIT).
President Rafael Correa said that Ecuador had "practically" reached agreement on the payment of compensation to U.S. oil company Occidental Petroleum.
Ecuador has been partially relieved of its debt to Occidental, which constitutes a pretty legalistic and conservative application of property rights by a state appointee dissenter.
A World Bank tribunal reduced to about $1 billion the amount Ecuador must pay Occidental Petroleum Corp in compensation for seizing the U.S.-based company’s assets
Ecuador is in talks with Occidental Petroleum Corp to seek an agreement over a roughly $1.77 billion award the Andean country was ordered to pay for seizing the U.S.-based company’s assets in 2006
Canadians must now counter Chevron’s inevitable propaganda campaign as the legal battle continues.
Ecuadorian villagers can sue Chevron and its Canadian subsidiary in an Ontario court to enforce a $9.5-billion (U.S.) judgment from Ecuador.
The brief reviews Ecuador’s experience with investment treaties and investor-state dispute settlement (ISDS). The paper explains the historical and geopolitical context of the decisions Ecuador has taken in regard to bilateral investment treaties (BITs) and ISDS.
South Korea and Ecuador will announce the start of negotiations for a bilateral free trade agreement (FTA) next week
In the rush to oppose TTIP we mustn’t lose sight of the context in which the deal is being negotiated — the hundreds of bilateral treaties that give corporations the right to sue in secret ’trade courts’.
South Korea will soon announce the start of negotiations for free trade agreements with Ecuador and six Central American countries as part of a plan to expand its presence in the region, the government said Wednesday.
An apparent Chevron whistleblower has sent Amazon Watch dozens of internal company videos showing Chevron employees and consultants manipulating evidence linked to the oil giant’s extensive contamination - and legal dispute - in Ecuador.
In Chevron’s massive international arbitration directly against the government of Ecuador, it has gotten everything it has asked for from the panel of arbitrators — until last week.
Three recent ICSID decisions involving Ecuador highlight the importance of language addressing the status of taxes in investment treaties.
Oil giant wins "lifetime achievement" award for efforts to evade justice
Ecuador and the European Union (EU) predict that the free trade agreement (FTA) that they have just signed in the Belgian capital, whose negotiation had ended in June, will take effect in 2016.