Subsidiary of Canadian New Stratus Energy Notifies Ecuador of Dispute

On 25 November 2022, Petrolia Ecuador S. A (Petrolia) – subsidiary of Canadian New Stratus Energy Inc (NSE) – announced that it had sent...

Perenco Freezes Ecuador’s Assets in Luxemburg Banks Accounts

On 28 July 2022, Ecuador’s assets held in bank accounts in Luxembourg were reportedly frozen as part of legal actions initiated by Perenco for...

Ecuador Persists with Tax Set-Off Defence in Cross-Motion Against Perenco’s Petition to Enforce ICSID Award Before US Courts

In the context of Perenco Ecuador Ltd.’s Petition to enforce an arbitral award against the Republic of Ecuador before the United States...

Debevoise & Plimpton, Dechert

Perenco Submits Opening Brief Before US Court Regarding New Facts on Ecuador's Cross-Motion for Tax Setoff

Perenco argues that the denial of justice it has suffered, which formed the subject of the USD 400 million ICSID arbitral award it won against...

Debevoise & Plimpton

Following Constitutional Court Ordered Ban on Mining, Cornerstone Analyses Options Against Ecuador, Including Those under Canada-Ecuador BIT

In a ruling seen as a blow to the entire mining sector, Ecuador’s Constitutional Court upheld, on 21 December 2021, the Multicompetent Chamber...