Venezuelan President Hugo Chavez and Foreign Minister Nicolas Maduro met on Monday with the Ecuadorian Foreign Minister, Ricardo Patiño, to evaluate the progress of their country’s bilateral agreements. Among the ambitious goals set during the meeting was an increase in the use of the sucre, a regional currency being used in trade between the two countries.
Trade ministers of Peru, Chile, Colombia and Ecuador will meet next month to monitor progress of Peru’s initiative to create a free trade area between the four Pacific nations
The Ecuadorian government hailed a decision by an International Center for Settlement of Investment Disputes arbitration panel, which said it lacked jurisdiction over a lawsuit brought against Quito by US-based Murphy Oil Corporation.
Ecuador’s National Assembly has approved a government request to end bilateral investment promotion and protection agreements with Germany, the UK and Northern Ireland. Those with Finland, Sweden, Canada, China, the Netherlands, France, Argentina, Chile, Venezuela and the US may be next.
Chevron Corp urged a US federal appeals court not to force it into Ecuador’s courts, but to allow it to go to international arbitration, to defend a $27.4 bn lawsuit alleging its oilfields polluted the Amazon rainforest and sickened thousands of Ecuadorians.
The 10th Summit of ALBA concludes with an announcement that its members undertake to speed up the conclusion of a trade agreement.
The 10th summit of the Bolivian Alliance for the Peoples of America - People’s Trade Treaty (ALBA-TCP) began on Friday in the Andean city of Otavalo, Ecuador.
Everyone is watching closely for the results of a visit by an EU delegation to Quito on 14-16 June.
Litigation over the ecological disaster that is Lago Agrio has produced a decades-long narrative that rivals Finnegans Wake in complexity.
Chevron has won a $US700 million arbitration battle against Ecuador, a case unrelated to a massive environmental damage claim Quito has filed against the US-based oil giant.
Chevron Corp may pursue an international arbitration claim over environmental pollution allegations in Ecuador, a judge ruled on Thursday, part of a long-running case that carries a potential $27 billion liability for the second-largest US oil company.
In 2009, Chevron’s lobby against the renewal of preferential tariffs for Ecuador was "one of the strongest and fiercest that Ecuadorean foreign policy has ever faced."
The World Bank’s International Center for Settlement of Investment Disputes may soon rule on a case brought by US oil company Occidental Petroleum Corp. against Ecuador
Corporacion Quiport S.A., the company building the new Quito international airport, has initiated arbitration proceedings at ICSID against the Republic of Ecuador in connection with its concession to maintain and operate the existing Quito airport and to construct and operate the New Quito International Airport (NQIA) being built outside Ecuador’s capital.
In a blistering attack against Chevron, lawyers for the government of Ecuador accused the oil giant of "triple forum shopping" and reneging on legally-enforceable promises in a motion asking a federal judge to shut down an international arbitration that Chevron is using to try to escape a potential $27 billion environmental liability.
The Ecuadorian government said Occidental Petroleum deserves no compensation for the cancellation of its massive oil concession in the Amazon region, arguing that the decision was taken after the U.S. company broke the law and its contractual obligations by handing over a stake in that project to a Canadian firm.
Chevron has submitted a legal motion and supporting authorities to dismiss a lawsuit that was filed by the government of Ecuador in an attempt to block a Chevron arbitration claim made under international treaty la
Now, Texaco is asking a panel of United Nations Commission on International Trade Law, which works in cooperation with the World Trade Organization, to release it from environmental liability, the communities say.
The government of Ecuador asked a US court on Friday to intervene in its long-running environmental battle with oil giant Chevron Corp.
Occidental is seeking $3.2 billion in damages for Ecuador’s May 2006 decision to cancel the company’s operating contract