Warning! Javascript is disabled. Please enable javascript for a completly functioning application.

2002
IBM v. Ecuador IBM World Trade Corp. v. Republic of Ecuador (ICSID Case No. ARB/02/10)
Nationality of the parties
Ecuador
United States of America
Summary of matters at issue
Rights under an informatics services concession contract.
Claims arising out of the alleged lack of payment of monies to the investor's wholly-owned subsidiary under a concession contract entered into with the Ecuadorian Ministry of Finances and Public Credit.
Economic sector and subsector
Tertiary: J - Information and communication
63 - Information service activities
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Jijón Letort, R.
Ponce Martínez, A.
Roldós Aguilera, L.
Status/Outcome of original proceedings
Settled
Amount of compensation
4.70 mln USD
3.50 mln USD
IIA breaches alleged/found
Unclear
Not applicable - settled or discontinued before decision on liability
Follow-on proceedings
None
Link to Italaw's case page