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Investment Arbitration — News and Analysis

Perenco freezes Ecuador’s assets in Luxembourg bank accounts

, and Diego L. Alonso Massa

August 3, 2022 . 3:40 PM

3 min read

Photo by Paul Fiedler / Unsplash

On 28 July 2022, Ecuador’s assets held in bank accounts in Luxembourg were reportedly frozen as part of legal actions initiated by Perenco for the recognition and enforcement of an unpaid, USD 400 million ICSID arbitration award in the Anglo-French company’s favour.

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