News

Conoco and Ecuador settle nine-year expropriation dispute

Conoco and Ecuador settle nine-year expropriation dispute

05 December 2017

US energy company ConocoPhilips has settled a nine-year dispute at the International Centre for Settlement of Investment Disputes (ICSID) with Ecuador over the expropriation of two oil blocks, with the state agreeing to pay US$337 million to satisfy an award issued earlier this year.

Ecuador bribery scheme laid bare in Florida award

Ecuador bribery scheme laid bare in Florida award

14 November 2017

Details of a bribery scheme allegedly implicating Ecuador’s vice president and a former energy minister have come to light thanks to an International Centre for Dispute Resolution (ICDR) award that is now the subject of enforcement proceedings in Florida.

Latin Lawyer tax summit gets CLE accreditation

Latin Lawyer tax summit gets CLE accreditation

06 November 2017

Latin Lawyer's 2nd Annual Tax Summit has got CLE accreditation from The Florida Bar ahead of the big event, which will be held on Thursday in Miami.

Ecuador in treaty U-turn‎ under new leader

Ecuador in treaty U-turn‎ under new leader

19 October 2017

Following the election of Lenín ‎Moreno as President this April, Ecuador looks set to renegotiate its bilateral investment treaties and - it has been suggested - could even readopt the International Centre for Settlement of Investment Disputes (ICSID) Convention.

Top speakers confirmed for Latin Lawyer’s Tax Summit

Top speakers confirmed for Latin Lawyer’s Tax Summit

16 October 2017

Senior figures from Peruvian beverage multinational Aje, the Florida International Bankers Association, KPMG and UBS along with senior representations from top law firms, financial service providers and universities are set to speak at Latin Lawyer's 2nd Annual Tax Summit, which will be held on Thursday 9 November in Miami.

Cultural resistance delays impact of labour reforms

Cultural resistance delays impact of labour reforms

28 September 2017

New laws designed to bring more certainty for employers, reduce the time and money spent on disputes, and create better relationships with employees are sweeping Latin America, delegates heard at the 4th annual Latin Lawyer Labour & Employment conference held on Tuesday in Miami – but real change takes years to be fully implemented.

Programme for Latin Lawyer 2nd Annual Tax Summit now online

Programme for Latin Lawyer 2nd Annual Tax Summit now online

06 September 2017

The complete programme for Latin Lawyer's 2nd Annual Tax Summit has been announced.

ICSID panel unmoved by Ecuador earthquake plea

06 September 2017

An International Centre for Settlement of Investment Disputes (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.

AB InBev divests Ecuador business

AB InBev divests Ecuador business

04 September 2017

Ecuador's competition enforcer has approved the divestment of AB InBev's business in Ecuador to a consortium of investors, as part of a remedy package agreed to clear its global merger with SABMiller. 

Ecuador's claim for Amazon pollution to continue

Ecuador's claim for Amazon pollution to continue

30 August 2017

The International Centre for Settlement of Investment Disputes (ICSID) tribunal hearing Perenco's dispute with Ecuador has refused an application by the US 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. ‎