2011
Merck v. Ecuador Merck Sharpe & Dohme (I.A.) Corporation v. The Republic of Ecuador (PCA Case No. 2012-10)
Ecuador
United States of America
Ownership of a pharmaceutical manufacturing company located in Ecuador.
Claims arising out of judicial proceedings before Ecuadorian courts concerning claimant's refusal to sell a pharmaceutical factory to the Ecuadorian company NIFA, which allegedly resulted in a denial of justice.
Secondary: C - Manufacturing
21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
UNCITRAL
PCA (Permanent Court of Arbitration)
Berman, F.
Schwebel, S. M.
Simma, B.
Decided in favour of investor
Partial Final Award dated 25 January 2018
Final Arbitration Award dated 5 March 2020
Data not available
24.10 mln USD
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Judicial review by national courts
Judicial review by national courts
Award/decision upheld
http://www.pcacases.com/web/view/8
http://www.iareporter.com/articles/20120302_1 (requires subscription)
https://books.google.de/books?id=iVMyAQAAQBAJ&pg=PA276&lpg=PA276&dq=Merck+Sharp+%26+Dohme+%28I.A.%29+Corporation+v.+The+Republic+of+Ecuador&source=bl&ots=7biiGFgvCf&sig=yZKBvW5DhpaUeohYRKQq2YIkxsc&hl=en&sa=X&ei=JpojVdSrG8mbsgGf5ILACw&ved=0CDUQ6AEwAw#v=onepage&q=Merck%20Sharp%20%26%20Dohme%20(I.A.)%20Corporation%20v.%20The%20Republic%20of%20Ecuador&f=false
http://www.planv.com.ec/investigacion/investigacion/litigios-del-ecuador/pagina/0/5
https://www.iareporter.com/articles/as-award-looms-in-merck-v-ecuador-earlier-chevron-like-interim-measures-ruling-surfaces-ordering-ecuador-to-block-enforcement-of-a-local-court-judgment-that-is-adverse-to-foreign-investor/ (requires subscription)
http://blogcasos.pge.gob.ec/
http://blogcasos.pge.gob.ec/wp-content/uploads/2016/06/9MERCK.pdf
https://www.iareporter.com/articles/ecuador-reportedly-on-hook-for-denial-of-justice-in-merck-arbitration/ (requires subscription)
https://www.iareporter.com/articles/the-merck-v-ecuador-award-part-one-arbitrators-wave-away-ecuadors-jurisdictional-objections-including-on-exhaustion-and-warn-that-ecuadors-non-compliance-with-interim-orders/ (requires subscription)
https://www.iareporter.com/articles/the-merck-v-ecuador-award-part-two-on-the-merits-ecuador-found-liable-for-denial-of-justice-after-foreign-investor-is-ordered-to-pay-wholly-disproportionate-sum-without-court-en/ (requires subscription)
https://globalarbitrationreview.com/article/1166824/ecuador-held-liable-for-denial-of-justice-in-pharma-case (requires subscription)
https://www.iareporter.com/articles/ecuador-round-up-an-update-on-8-arbitrations-and-one-notice-of-dispute-against-the-state/ (requires subscription)
https://www.iareporter.com/articles/dutch-court-upholds-44-million-usd-merck-v-ecuador-award/ (requires subscription)