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Ecuador

Shrimp and tuna could benefit from trade agreement with EFTA
30-Jun-2016 FIS
Next October Ecuador is to begin the negotiations for a comprehensive trade agreement with the European Free Trade Association (EFTA).
U.S. top court rejects Ecuador challenge to Chevron arbitration award
8-Jun-2016 Reuters
The U.S. Supreme Court let stand a $96 million international arbitration award issued in 2011 in favor of energy company Chevron in a dispute over the development of oil fields in Ecuador.
Copper Mesa Mining Corporation awarded US$24.365 million for expropriation of two mining projects by Ecuador
3-Jun-2016 Market Watch
The Permanent Court of Arbitration awarded the Company damages of US$19,447,498, plus pre- and post-award interest.
Ecuador’s new trade minister comes to Brussels
9-May-2016 Politico
The new Ecuadorian minister of foreign trade said he wants to come to Brussels to push for an acceleration of the EU-Ecuador free trade agreement’s ratification.
Disaster capitalism: Ecuador forced to pay US oil giant $ 180M
30-Apr-2016 Tele Sur
The Ecuadorean government is being forced to use money that could go toward relief efforts to instead pay off a multinational oil company.
TTIP: Chevron lobbied for controversial legal right as ’environmental deterrent’
27-Apr-2016 The Guardian
US oil company wanted EU-US trade deal to give foreign investors the legal right to challenge government decision, documents show
International investment law, development and sovereignty: no harm?
13-Mar-2016 Alternautas
The Oxy II awards subvert the notion of sovereignty: by whom and how a country’s natural resources are used becomes a minor question as long as wealth is maximised.
How can governments deal with #ISDS claims?
7-Mar-2016 Todd N. Tucker
A research provides a set of pragmatic tools for governments on the receiving end of legal claims.
Correa: ’corruption’ lets Chevron off hook for Amazon pollution
26-Jan-2016 Tele Sur
The ruling from the District Court of the Hague in favor of U.S. oil giant Chevron effectively exonerated the company from any responsibility for remediating the contamination in the Amazon.
Rafael Correa announces that Ecuador will assume Oxy’s “liabilities”
13-Jan-2016 El Universo
President Rafael Correa announced that Ecuador has reached a payment plan with the US oil company, Occidental (Oxy)
Ecuador is paying Occidental $980M to settle its lawsuit
12-Jan-2016 Seeking Alpha
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.
Latin American Parliament supports Ecuador against US oil company
30-Nov-2015 Tele Sur
The resolution calls for an international forum on the implementation of measures to better protect the rights of sovereign countries from exploitative multinationals.
ICSID tribunal renders interim decision on Ecuador’s environmental counterclaim in long-running dispute
26-Nov-2015 IISD
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).
Correa: Ecuador has nearly reached agreement on payment to Oxy
23-Nov-2015 Fox
President Rafael Correa said that Ecuador had "practically" reached agreement on the payment of compensation to U.S. oil company Occidental Petroleum.
Dissents matter
4-Nov-2015 Todd N. Tucker
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.
Ecuador-Occidental arbitration award reduced to $1 bln
3-Nov-2015 Reuters
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 says talking to Occidental to resolve oil assets seizure
2-Nov-2015 Reuters
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
Toxic waste dumped on poorest Ecuadoreans for 26 years but Chevron has yet to pay
25-Sep-2015 Tele Sur
Canadians must now counter Chevron’s inevitable propaganda campaign as the legal battle continues.
Ecuadorians can sue Chevron in Canada, Supreme Court rules
4-Sep-2015 The Globe and Mail
Ecuadorian villagers can sue Chevron and its Canadian subsidiary in an Ontario court to enforce a $9.5-billion (U.S.) judgment from Ecuador.
Ecuador’s experience with international investment arbitration
26-Aug-2015 South Centre
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.