Ecuador has been partially relieved of its debt to Occidental, which constitutes a pretty legalistic and conservative application of property rights by a state appointee dissenter.
Le tribunal d’arbitrage de la Banque Mondiale, le Cirdi, a ordonné à l’Equateur de payer 1 milliard de dollars à la compagnie pétrolière américaine Oxy, pour rupture anticipée d’un contrat d’exploitation
A World Bank tribunal reduced to about $1 billion the amount Ecuador must pay Occidental Petroleum Corp in compensation for seizing the U.S.-based company’s assets
Ecuador is in talks with Occidental Petroleum Corp to seek an agreement over a roughly $1.77 billion award the Andean country was ordered to pay for seizing the U.S.-based company’s assets in 2006