1. EcuadorTLC S.A. (Ecuador) 2. Cayman International Exploration Company S.A. (Panamá) 3. Teikoku Oil Ecuador (Islas Caimán) c. 1. República del Ecuador 2. Secretaría de Hidrocarburos del Ecuador 3. Empresa Pública de Hidrocarburos del Ecuador EP Petroecu
Permanent Court of Arbitration · Interstate and investor-state (PCA) · International · 1976
Why it matters
Ecuador TLC S.A. (Ecuador) (Private entity )Cayman International Exploration Company S.A. (Panamá) (Private entity )Teikoku Oil Ecuador (Islas Caimán) (Private entity ) v. República del Ecuador, an arbitration administered by the Permanent Court of Arbitration in The Hague, administered by the Permanent Court of Arbitration in The Hague. The matter is known as the 1. EcuadorTLC S.A. 2. Cayman International Exploration Company S.A. (Panamá) 3. Teikoku Oil Ecuador (Islas Caimán) c. 1. República del Ecuador 2. Secretaría de Hidrocarburos del Ecuador 3. Empresa Pública de Hidrocarburos del Ecuador EP Petroecu. For a student, the PCA is the oldest institution for resolving international disputes, and its cases range from boundary and treaty disputes between states to investor-state and commercial arbitrations. This is a worked example of how international arbitration operates above the level of any single national court.
Summary
Ecuador TLC S.A. (Ecuador) (Private entity )Cayman International Exploration Company S.A. (Panamá) (Private entity )Teikoku Oil Ecuador (Islas Caimán) (Private entity ) v. República del Ecuador, an arbitration administered by the Permanent Court of Arbitration in The Hague, administered by the Permanent Court of Arbitration in The Hague. The matter is known as the 1. EcuadorTLC S.A. 2. Cayman International Exploration Company S.A. (Panamá) 3. Teikoku Oil Ecuador (Islas Caimán) c. 1. República del Ecuador 2. Secretaría de Hidrocarburos del Ecuador 3. Empresa Pública de Hidrocarburos del Ecuador EP Petroecu. For a student, the PCA is the oldest institution for resolving international disputes, and its cases range from boundary and treaty disputes between states to investor-state and commercial arbitrations. This is a worked example of how international arbitration operates above the level of any single national court.
The detail
Parties: Ecuador TLC S.A. (Ecuador) (Private entity )Cayman International Exploration Company S.A. (Panamá) (Private entity )Teikoku Oil Ecuador (Islas Caimán) (Private entity ) v. República del Ecuador
Case number: 2014-32
Outcome: Status: Concluded
Applicable law: The applicable treaty, contract or arbitration rules; see the original.
Issues in play: Public international law / investment law
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