Encana v. Ecuador EnCana Corporation v. Republic of Ecuador (LCIA Case No. UN3481)
Ownership of local subsidiaries that had entered into participation contracts for the exploration and exploitation of oil and gas reserves with Petroecuador, a State-owned entity.
Claims arising out of VAT refunds to which the claimant's subsidiaries were allegedly entitled under Ecuadorian laws and regulations.
Primary: B - Mining and quarrying
6 - Extraction of crude petroleum and natural gas
LCIA (London Court of International Arbitration)
Crawford, J. R.
Grigera Naón, H. A.
Barrera Sweeney, P.
Barrera Valverde, A. (replaced)
Decided in favour of State
80.00 mln USD
Data not available
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

National treatment

None - all claims dismissed at the merits stage