Ecuador Arbitration

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 Ecuador Arbitration

Ecuador is a FORMER Contracting State to the ICSID Convention:

  • Signature: 15 Janauary 1986
  • Deposit of Ratification: 15 January 1986
  • Entry into Force: 14 February 1986
  • ICSID Denunciation Received: 6 July 2009
  • ICSID Denunciation Took Effect: 7 January 2010
  • On 19 April 1988 & 21 August 2002 respectively, pursuant to Article 25(3) of the ICSID Convention, Ecuador designated 2 constiuent Subdivisions/Agencies as competent to be parties to an ICSID arbitration: 1) Corporacion Estatal Petroleta Ecuatoriana; 2) Consejo Nacional de Electricidad (CONSELEC) 
  • On 4 December 2007, Ecuador notified ICSID that it "will not consent to the jurisdiction of [ICSID,] the disputes that arise in matters concerning the treatment of an investment in economci activities related to the exploitation of natural resources, such as oil, gas, minerals or others. Any intrument containing Ecuador's previously expressed will to submit that class of disputes to [ICSID jurisdiction] which has not been perfected by the express and explicit consent of the other party given prior to the dateof submission of the present notification, is hereby withdrawn by [Ecuador] with immediate effect as of this date."
  • Pursuant to Article 13(1) of the ICSID Convention Ecuador has made the following panel designations effective until 25 October 2010:
    - Dr. Alvaro GALINDO CARDONA, Professor of Law, Universidad San Francisco de Quito
    - Dr. Luis HERRERÍA BONNET: Abogado de los Juzgados y Tribunales de la República
    - Dr. Ramiro SALAZAR CORDERO: Director, Centro de Mediación Colegio de Abogados de Pichincha
    - Dr. José Ramón JIMÉNEZ CARBO: Attorney-General
    - Monsignor Juan LARREA HOLGUÍN: Attorney-at-Law
    - Dr. Alejandro PONCE MARTINEZ: Abogado
    - Dr. Alberto WRAY ESPINOSA: Professor of Law; Member, Comisión Andina de Juristas

Ecuador is a Contracting State to the New York Convention:

  • Signature: 17 December 1958
  • Deposit of Ratification: 3 January 1962 
  • Entry into Force: 3 April 1962
  • Ecuador will only apply the New York Convention to the recognition and enforcement of awards made in the territory of another contracting state & only to differences arising out of legal relationships, whether contractual or not, that are considered commercial under their national law

Ecuador is a Contracting State to the 1899 Convention for the Pacific Settlement of International Disputes:

  • Entry into Force: 3 July 1907

Ecuador is not a Contracting State to the 1907 Convention for the Pacific Settlement of International Disputes:

  • Entry into Force: N/A

Ecuador is a United Nations Member State:

  • Date of Admission: 21 December 1945 

Official State Name: Republic of Ecuador - República del Ecuador

Official Language: Spanish

Capital: Quito

Currency: U.S. dollar (USD)

Time Zone: (UTC−5, −6)

International Calling Code: +593

Internet TLD: .ec

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