Tag Archives: Energy Charter Treaty (ECT)

Energy Charter Declaration 2018 – Modernisation of the ECT

The Energy Charter Conference has issued a declaration following the 29th meeting of its Members. This year’s conference, hosted by Romania, focused on the role of innovation in driving energy security, sustainability and prosperity.

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Filed under News, Public International Law, Treaty negotiation, interpretation and impact

Herbert Smith Freehills secures victory for Kingdom of Spain in investor-state arbitration

Herbert Smith Freehills has helped secure a victory for the Kingdom of Spain in an investor-state arbitration under the Stockholm Chamber of Commerce rules commenced by two European investors Charanne B.V. (Netherlands) and Construction Investments S.à.r.l. (Luxembourg). The disputes concerned … Continue reading

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Filed under Europe, Investment Arbitration, News, Public International Law, Spain

Italy reported to have withdrawn from the Energy Charter Treaty

It has been reported in various public sources that the Energy Charter Secretariat has confirmed that the Government of Italy (“Italy”) gave formal notice to the Depository for the Energy Charter Treaty (“ECT”) of its intention to withdraw from the … Continue reading

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Filed under Europe, Investment Arbitration, Treaty negotiation, interpretation and impact

The largest Arbitration Awards in history: Three Majority shareholders in Yukos awarded total damages of over $50bn from the Russian Federation

On 18 July 2014, the Claimants in three related arbitrations administered under the 1994 Energy Charter Treaty and the 1976 UNCITRAL Arbitration Rules prevailed against the Russian Federation.  The Claimants[1] were former shareholders of the OAO Yukos Oil Company (“Yukos”), … Continue reading

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Filed under Europe, Investment Arbitration

ICSID Publishes Latest Caseload Statistics

The International Centre for Settlement of Investment Disputes (ICSID) has recently released its latest statistics concerning the cases brought under its auspices. The report provides a number of interesting statistics on cases registered by ICSID historically, and in the year … Continue reading

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Filed under Investment Arbitration, News

ICSID Tribunal discusses hierarchy between EU law and ECT in Electrabel case

Hungary has recently seen claims brought against it by a Belgian investor for breaches of the Energy Charter Treaty (ECT) dismissed in the case of Electrabel S.A. v the Republic of Hungary (ICSID Case No. Arb/07/19). The tribunal clarified the relationship … Continue reading

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Filed under EU Law, Investment Arbitration

Energy Charter Treaty ruling clarifies effect of Russia’s “provisional application” accepting jurisdiction to hear Yukos’ claim

Summary and business impact On 30 November 2009, a tribunal sitting at the Permanent Court of Arbitration in The Hague and constituted under the UNCITRAL Rules, ruled that former Yukos shareholders can proceed to the merits phase of their arbitration … Continue reading

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Filed under Europe, Investment Arbitration