Occidental: tribunal split on approach to assessment of quantum (ICSID) | Practical Law

Occidental: tribunal split on approach to assessment of quantum (ICSID) | Practical Law

In Occidental Petroleum Corporation and another v Ecuador (ICSID Case No ARB/06/11), a split tribunal determined that Ecuador had breached the US-Ecuador bilateral investment treaty (BIT) and awarded damages of US$1.77 billion.

Occidental: tribunal split on approach to assessment of quantum (ICSID)

Practical Law UK Legal Update Case Report 8-521-8679 (Approx. 10 pages)

Occidental: tribunal split on approach to assessment of quantum (ICSID)

by PLC Arbitration
Published on 16 Oct 2012 • International, USA (National/Federal)
In Occidental Petroleum Corporation and another v Ecuador (ICSID Case No ARB/06/11), a split tribunal determined that Ecuador had breached the US-Ecuador bilateral investment treaty (BIT) and awarded damages of US$1.77 billion.