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BREAKING NEWS
Ecuador will be able to recover from the strike in the second half of 2022
Ecuadorian Amazon loses 379,000 hectares of forest in almost four decades
Extra and eco gasoline prices at $2.40 and diesel at $1.75 are already in force in Ecuador
Ministry of Agriculture began the delivery of seeds, inputs and subsidized fertilizers up to 70%
Guillermo Lasso: ‘Now together we begin the task of transforming this peace into progress, well-being and opportunities for all’
Government and Conaie agree to end the strike after a tense morning
Ecuador asks Mexico for a response on bananas and shrimp
Losses in the non-oil export sector amount to $85 million in 16 days of strike
The Government withdraws from the dialogue table after the death of a soldier
Popular oil would arrive in stores from this week at prices ranging from $1 to $1.25

Attorney General’s Office Asked Oxy ruling to be annulled

Posted On 09 Oct 2012
Attorney Diego Garcia

Attorney Diego Garcia

The Attorney General’s Office prepares the argument for the nullity of the arbitral award issued on October 5, which obliges the Ecuadorian government to pay $ 1.77 billion (plus interest) to the U.S. oil company Oxy, due to the expiration of the contract.

According to the International Centre for Settlement of Investment Disputes (ICSID), the nullity of a judgment must be ordered up to 120 days after the issue of the award.

Attorney Diego Garcia, said that the resolution on the nullification could take between one and two years, and there is no estimate of the amount of interest that will accumulate while the request is resolved at ICSID.

(BG)

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LATEST NEWS

Ecuador will be able to recover from the strike in the second half of 2022

Posted On 04 Jul 2022

Ecuadorian Amazon loses 379,000 hectares of forest in almost four decades

Posted On 04 Jul 2022

Extra and eco gasoline prices at $2.40 and diesel at $1.75 are already in force in Ecuador

Posted On 01 Jul 2022
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