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In Brief: ICSID tribunal awards damages to state and investor in Law 42 arbitration (Burlington Resources v Ecuador)

In Brief: ICSID tribunal awards damages to state and investor in Law 42 arbitration (Burlington Resources v Ecuador)
Published on: 10 February 2017
Published by: LexisPSL
  • In Brief: ICSID tribunal awards damages to state and investor in Law 42 arbitration (Burlington Resources v Ecuador)
  • Original news
  • Why are these decisions of interest?
  • What was the relevant background?
  • In summary, what did the tribunal decide in the award?
  • In summary, what did the tribunal decide in the environmental and infrastructure counterclaims decision?
  • Tribunal and decision/award details

Article summary

Arbitration analysis: On 7 February 2017, the tribunal in the long-running International Centre for Settlement of Investment Disputes (ICSID) arbitration proceeding between Burlington Resources (a ConocoPhillips subsidiary) and Ecuador issued (1) a decision on reconsideration and award on quantum and (2) a decision on Ecuador’s environmental and infrastructure counterclaims. In this article, we summarise the tribunal’s findings. or take a trial to read the full analysis.

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