Perenco v Ecuador: An Example of a “Lengthy, Complex, Multi-faceted, Hard Fought and Very Expensive” Investment Arbitration?
After 11 years and more than US$ 89 million in costs, an international tribunal rendered a final decision awarding damages in the Perenco v. Ecuador saga. We discuss below the background of the case, the main decisions rendered throughout the proceedings, with a special focus on the latest award on damages rendered in favor of…