Case Details

City Oriente Limited v. Republic of Ecuador and Empresa Estatal Petróleos del Ecuador (Petroecuador) (ICSID Case No. ARB/06/21)

Subject of Dispute:

Hydrocarbon concession
Economic Sector:

Oil, Gas & Mining
Instrument(s) Invoked:

Contract
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

City Oriente Limited (Panamanian)
Respondent(s):

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

December 19, 2006
Date of Constitution of Tribunal:

October 4, 2007

Composition of Tribunal

President:

Juan FERNÁNDEZ-ARMESTO (Spanish) - Appointed by the Chairman of the Administrative Council
Arbitrators:

J. Christopher THOMAS (Canadian) - Appointed by the Respondent(s)
Horacio A. GRIGERA NAÓN (Argentine) - Appointed by the Claimant(s)

Party Representatives

Claimant(s):

King and Spalding, Houston, TX, and Washington, D.C., U.S.A.
Quevedo & Ponce, Quito, Ecuador
Respondent(s):

Procuraduría de Petroecuador, Quito, Ecuador
Weil Gotshal & Manges, New York, NY, U.S.A.
Language(s) of Proceeding:

Spanish
Status of Proceeding:

Concluded
Outcome of Proceeding:

September 22, 2008 - The Tribunal issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 43(1).

No References Available.

(a) Original Proceeding

Date	Development
December 19, 2006	The Secretary-General registers a request for the institution of arbitration proceedings.
October 4, 2007	The Tribunal is constituted. Its members are: Juan Fernández-Armesto (Spanish), President; J. Christopher Thomas (Canadian); and Horacio Grigera Naón (Argentine).
November 9, 2007	The Tribunal holds a hearing on provisional measures in Washington, D.C.
November 19, 2007	The Tribunal issues a decision on provisional measures.
February 1, 2008	The Respondents file an application for the revocation of the decision on provisional measures.
February 22, 2008	The Claimant files a response to the Respondents’ application.
March 3, 2008	The parties file submissions on the place of the arbitration, the apportionment of costs and advance payments to the Centre.
April 14, 2008	The Claimant files a memorial on the merits.
May 13, 2008	The Tribunal issues a decision on revocation of provisional measures and other procedural matters.
July 15, 2008	The Respondent files a counter-memorial on the merits.
September 22, 2008	The Tribunal issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 43(1).