The United States District Court for the District of Columbia has granted Perenco’s petition to enforce its USD 374+ million ICSID arbitration award against the Republic of Ecuador. In doing so, however, the Court agreed with Ecuador that post-judgment interest should be calculated according to the statutory interest rate specified by 28 U.S.C. § 1961 rather than the rate provided for in the ICSID award.
As reported by iarbnews [see here, here and here], on 1 October 2019, Perenco filed a petition to enforce the ICSID Award (ICSID Case No. ARB/08/6) before the United States District Court for the District of Columbia.
