In Perenco Ecuador Ltd. v The Republic of Ecuador and Empresa Estatal Petróleos del Ecuador (Petroecuador) (ICSID Case No. ARB/08/6), an ICSID tribunal considered whether the claimant, a company incorporated under the laws of the Bahamas, had standing under the France/Ecuador bilateral investment treaty (BIT), even though it was not directly controlled by a French national.