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Occidental Petroleum Corporation and Occidental Exploration and Production Company v Ecuador, Decision on the Request to Modify the Decision on the Stay of Enforcement of the Award (Rule 54 of the ICSID Arbitration Rules), ICSID Case No ARB/06/11, IIC 658 (2014), 23rd September 2014, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 19 September 2019

1. The Tribunal issued its Decision on the Stay of Enforcement of the Award [“ Decision on Stay ”] on September 30, 2013, holding unanimously that “the stay of enforcement of the Award shall for the time being continue unconditionally” and reserving the decision on costs for a later stage in the proceedings. 2. On August 1, 2014 Claimants filed a letter requesting that the Committee reconsider and modify the Decision on Stay [“ Claimants’ Request ”]. On August 28, 2014, the Republic of Ecuador answered Claimants’ Request with a letter requesting the Committee to...
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