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2005
EMELEC v. Ecuador Empresa Electrica del Ecuador, Inc. (EMELEC) v. Republic of Ecuador (ICSID Case No. ARB/05/9)
Nationality of the parties
Ecuador
United States of America
Summary of matters at issue
Rights under a concession agreement for the supply of electricity in the city of Guayaquil concluded between the claimant and an organ of the Ecuadorian Government.
Claims arising out of the alleged expropriation of the investor's premises, bank accounts, and other property located in Ecuadorian territory through a combined military-police operation, followed by local litigation over contractual outstanding amounts.
Economic sector and subsector
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Sepúlveda Amor, B.
Rooney, J. H.
Reisman, W. M.
Status/Outcome of original proceedings
Decided in favour of State
Decisions rendered
Amount of compensation
326.00 mln USD
Data not available
IIA breaches alleged/found
Direct expropriation
None - jurisdiction declined
Follow-on proceedings
None
Link to Italaw's case page