Colombia’s Ecopetrol refinery awarded more than $1 billion in arbitration

June 14, 2023

BOGOTA, COLOMBIA – Refineria de Cartagena (Reficar), a refinery owned by Colombia’s largest company Ecopetrol, is set to receive more than $1 billion following an arbitration ruling in its favor against a group of contractors. Impact Trial is proud to have supported a spectacular team from King & Spalding in securing this unanimous award on behalf of Ecopetrol.

The Impact Trial team consisted of Randall Carter, Alihan Polat, Alison Von Dollen, Clinton Lam, Ina Lim, Jadyn Pak, Jeff Woodbury, Jennifer Gustavson, Jesse Stevenson, John Christopher, Julia Lunavictoria, Kara Lyon, Kate Fiebke, Michael Grossklaus, Nova Hayes, Paul Miller, Rebecca Lavernoich and William Pineda.

Congratulations to King & Spalding, Ecopetrol, and our Impact team members!

The case is Refinería de Cartagena (Reficar) v. Chicago Bridge & Iron Company N.V., CB&I (UK) Limited and CBI Colombiana S.A., in the International Court of Arbitration.