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2008
Murphy v. Ecuador (I) Murphy Exploration and Production Company International v. Republic of Ecuador (I) (ICSID Case No. ARB/08/4)
Nationality of the parties
Ecuador
United States of America
Summary of matters at issue
Minority shareholding in local operating company that had concluded a service contract with Ecuador for the exploration and exploitation of hydrocarbons.
Claims arising out of Ecuador's enactment of Law No. 42 imposing a 99 per cent windfall levy on foreign oil revenues that allegedly resulted in the expropriation of Murphy's investment in Block 16 of the Ecuadorian Amazon, an oil-rich region bordering Peru and Brazil.
Economic sector and subsector
Primary: B - Mining and quarrying
6 - Extraction of crude petroleum and natural gas
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Oreamuno Blanco, R.
Grigera Naón, H. A.
Vinuesa, R. E.
Status/Outcome of original proceedings
Decided in favour of State
Amount of compensation
Data not available
Data not available
IIA breaches alleged/found
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Umbrella clause

Arbitrary, unreasonable and/or discriminatory measures
None - jurisdiction declined
Follow-on proceedings
None
Link to Italaw's case page