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English (Original).pdf

DC1050_En.pdf
Preview of English (Original)
🔗 Source: icsidfiles.worldbank.org
📊 Size: 173 KB
👤 Author: wb180195
⬇️ Downloads: 315

Summary

Perenco Ecuador Ltd. filed a request for arbitration with ICSID against the Republic of Ecuador and Empresa Estatal Petróleos del Ecuador (Petroecuador) on April 30, 2008. The dispute concerns two Participation Contracts for oil exploration and production in Blocks 7 and 21 of the Amazon Region. Perenco claims that Ecuador's Law 42, enacted in 2006, which increased the state's participation in oil revenues, violates the contracts. Ecuador notified Perenco of reference prices for oil, and Perenco made payments under protest until April 2008. The parties attempted to negotiate, but failed to reach a settlement. Perenco requested arbitration, and the tribunal was formed to hear the case.

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Perenco Ecuador Ltd.

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  • File Format: PDF
  • File Size: 173 KB
  • Pages: 42
  • Language: EN
  • Author: wb180195
  • Total Downloads: 315
  • Last Updated: 4 hours ago

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