Murphy v. Ecuador (I) Murphy Exploration and Production Company International v. Republic of Ecuador (I) (ICSID Case No. ARB/08/4)
United States of America
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.
Primary: B - Mining and quarrying
6 - Extraction of crude petroleum and natural gas
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Oreamuno Blanco, R.
Grigera Naón, H. A.
Vinuesa, R. E.
Decided in favour of State
Data not available
Data not available
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