Case Details

Repsol YPF Ecuador S.A. v. Empresa Estatal Petróleos del Ecuador (Petroecuador) (ICSID Case No. ARB/01/10)

Subject of Dispute:

Oil exploration contract
Economic Sector:

Oil, Gas & Mining
Instrument(s) Invoked:

Contract
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Repsol YPF Ecuador S.A. (Spanish)
Respondent(s):

Empresa Estatal Petróleos del Ecuador (Petroecuador) (Ecuadorian)
Date Registered:

October 5, 2001
Date of Constitution of Tribunal:

May 22, 2002

Composition of Tribunal

President:

Rodrigo OREAMUNO (Costa Rican) - Appointed by the Secretary-General
Arbitrators:

Eduardo CARMIGNIANI VALENCIA (Ecuadorian) - Appointed by the Parties
Alberto WRAY ESPINOSA (Ecuadorian) - Appointed by the Parties

Initial Composition of Tribunal

President:

Rodrigo OREAMUNO (Costa Rican)
Arbitrators:

Bernardo TOBAR CARRIÓN (Ecuadorian)
Alberto WRAY ESPINOSA (Ecuadorian)
Reconstituted:

August 15, 2002: Eduardo CARMIGNIANI VALENCIA (Ecuadorian) appointed following the resignation of Bernardo TOBAR CARRIÓN (Ecuadorian)

Party Representatives

Claimant(s):

Agent, Repsol YPF Ecuador, S.A., Quito, Ecuador
Pérez, Bustamante & Ponce, Quito, Ecuador
Respondent(s):

Chief Executive Officer, Empresa Estatal PetrÃ³leos de Ecuador (Petroecuador), Quito, Ecuador
Huerta Ortega y Asociados, Guayaquil, Ecuador
Language(s) of Proceeding:

Spanish
Status of Proceeding:

Concluded
Outcome of Proceeding:

Award rendered on February 20, 2004.

(b) Annulment Proceeding

Applicant(s)/Requesting Party(ies):

Respondent(s)
Date Registered:

July 15, 2004 (Respondent(s))
Date of Constitution of ad hoc Committee:

September 14, 2004

Composition of ad hoc Committee (Appointed by the Chairman of the Administrative Council)

President:

Judd L. KESSLER (U.S.)
Members:

Piero BERNARDINI (Italian)
Gonzalo BIGGS (Chilean)

Party Representatives

Claimant(s):

Agent, Repsol YPF Ecuador, S.A., Quito, Ecuador
Pérez, Bustamante & Ponce, Quito, Ecuador
Respondent(s):

Chief Executive Officer, Empresa Estatal Petróleos de Ecuador (Petroecuador), Quito, Ecuador
Huerta Ortega y Asociados, Guayaquil, Ecuador
Language(s) of Proceeding:

Spanish
Status of Proceeding:

Concluded
Outcome of Proceeding:

Decision on the Application for Annulment issued on January 8, 2007.

(a) Original Proceeding

Published Decisions

Decisión sobre competencia, 23 de enero de 2003, 26 (2) ICSID Rev.--FILJ 215-230 (2011) (excerpts).

Laudo, 8 de enero de 2007, 26 (2) ICSID Rev.--FILJ 231-244 (2011) (excerpts).

(b) Annulment Proceeding

Published Decisions

Introductory Note

Procedural Order No. 1 concerning the Stay of Enforcement of the Award of December 22, 2005, [Spanish original] 20 ICSID Rev.—FILJ 626 (2005); [Unofficial English translation] 20 ICSID Rev.—FILJ 629 (2005).

Procedural Order No. 4 concerning the Stay of Enforcement of the Award of February 22, 2006, [Spanish original] 20 ICSID Rev.—FILJ 632 (2005); [Unofficial English translation] 20 ICSID Rev.—FILJ 638 (2005).

Decision on the Application for Annulment

Available on the ICSID Website

Introductory Note (December 22, 2005)

Procedural Order No. 1 concerning the Stay of Enforcement of the Award (December 22, 2005) Spanish (Original); English (Translated)

Procedural Order No. 4 concerning the Stay of Enforcement of the Award (February 22, 2006) Spanish (Original); English (Translated)

Decision on the Application for Annulment (January 8, 2007) Spanish (Original); English (Translated)

No References Available.