MAESSA and SEMI v. Ecuador Mantenimientos, Ayuda a la Explotación y Servicios S.A. and Sociedad Española de Montajes Industriales S.A. (formerly Consorcio GLP) v. Republic of Ecuador
Shareholding in Consorcio GLP, which held a contract with the Ecuadorian state-owned oil and gas transport company Flopec for the construction of storage spheres for liquefied petroleum gas at a terminal at the Ecuadorean port of Monteverde.
Claims arising out of government resolutions that declared Consorcio GLP in default of its obligations under a construction contract.
Tertiary: F - Construction
42 - Civil engineering
ICC (International Chamber of Commerce)
Gamboa Morales, N.
Bullard, A.
Derains, Y.
Award on Jurisdiction dated 21 December 2018
50.00 mln USD
Data not available
Data not available
Judicial review by national courts
Judicial review by national courts
Award/decision upheld