Following on from Ecuador's denunciation of the ICSID system in July 2009 and its withdrawal from a number of bilateral investment treaties in 2008, President Correa has petitioned the National Assembly for Ecuador's withdrawal from a further thirteen BITs including treaties with China, the USA, the Netherlands and the UK. Debate in relation to this proposal is ongoing in the Ecuadorian Assembly and (according to Ecuadorian press reports on 7 December) the Corte Constitucional is expected to imminently give its official decision in this regard.
Investment treaty update on Ecuador
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