Days after winning a net sum of US$411 million in a claim against Ecuador over a tax on windfall oil profits, Bahamian oil company Perenco has asked a US court to enforce the award – as the state applies to International Centre for Settlement of Investment Disputes (ICSID) to have it annulled.
The Panamanian Supreme Court has partially annulled an arbitration 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.
A decision by Ecuador’s antitrust enforcer to pass on confidential leniency material to the regional Andean competition agency was unlawful, a local court has ruled.
Speakers at the Latin Lawyer-GAR Live 2nd Annual Arbitration Summit – held yesterday in Miami – agreed that arbitration courts should regulate the role of parties who have not consented to arbitration on a case-by-case basis, and that international statues could not provide an answer.
CorralRosales has helped Colombian hygiene company Grupo Familia acquire its Ecuadorian counterpart Industrial Papelera Ecuatoriana (Impaecsa).
There are just seven days left to snap up early booking rate tickets for the Latin Lawyer – GAR Live 2nd Annual Arbitration Summit, which will be held in Miami Beach later this month. The conference will take place in Miami Beach, at 701 Brickell Avenue, on Thursday 26 April 2018. L O Baptista Advogados’ Adriana Braghetta and White & Case LLP’s Jonathan Hamilton will co-chair the event.
A civil and economic rights group established by The Cyrus R. Vance Center for International Justice has launched an anti-corruption initiative that will organise private practice lawyers across the Americas to support government efforts to crack down on corruption.
Ferrere has opened a third office in Ecuador, establishing a presence in the port city of Guayaquil and significantly bolstering its geographical reach.
The Inter-American Commission on Human Rights has agreed to take on a lawsuit brought by the owners of El Universo newspaper against Ecuador, in one of the first cases of its kind to challenge the state’s alleged repression of free speech.
An ICSID committee has partially annulled a US$1.76 billion award in favour of US oil company Occidental Petroleum against Ecuador, reducing the damages by an unprecedented US$700 million.