…implemented to its regulatory framework were made for the purpose of tax regulation, and thus outside the scope of the relevant treaty (the Energy Charter Treaty (“ECT”)) – an argument…
…BITs and supports the Energy Charter Treaty (“ECT”). Rižnik also referred to Bosnia’s modern model BIT, particularly in terms of environmental considerations, and Slovenia’s exit from the ECT in light…
…1/17. Lastly, Prof. Bermann commented on Spain’s recent attempts to resist the enforcement of three ECT awards before a US court (covered on the Blog here). He thought it arrogant…
The Regional Arbitral Institutes Forum (RAIF) held the 2023 edition of its annual conference on 10 November 2023 in Bangkok, Thailand. RAIF consists of nine professional arbitration institutes across the…
…declined Germany’s request to declare an intra-EU claim against Germany as inadmissible (KG Berlin, Decision 12 SchH 6/21, concerning an intra-EU ECT ICSID case, Mainstream Renewable Power et al). This…
…will examine whether the Energy Charter Treaty (“ECT”) impedes states from achieving goals outlined in the Paris Agreement on climate change. As demonstrated in this post, these critiques are misguided….
…haven for investors. A more recent milestone in the KSA’s legal modernization journey is the enactment of the new Saudi Civil Code. The new Civil Code has incorporated long-standing principles…
…ECT, it never agreed to arbitrate “intra-EU” disputes because the CJEU retroactively determined those disputes must be resolved in European courts. That position belies the text of ECT, which has…
…of power back to the people while still protecting investors.” The ECT Modernization: Withdrawals and Uncertainties Regarding the modernization of the ECT, as extensively covered by the Kluwer Arbitration…
… Modernization or Destabilization? The ECT Modernization Melt-Down The ECT modernization process developed from 2020 until June 2022 (for a summary of the process since 2017, see here) and finalized…
…developments that took place in 2023. 1. Addressing Climate Change in ISDS Reform: The ECT Modernization Process The Energy Charter Treaty (ECT) is perhaps one of the “most controversial”…
…the Energy Charter Treaty (“ECT”). In Komstroy, the Court unsurprisingly followed the views of the CJEU that a supply contract was a commercial transaction and that the resulting debt was…
…the meaning of the ECT, applying it to an arbitration between non-EU parties. S.A. Alstom Transport et Société Alstom Network UK Ltd v. Société Alexander Brothers Ltd, Court of…
…Energy award ordering Spain to pay EUR 106+ million (which our contributors analyzed in the broader context of ECT modernization) underwent a rectification procedure in 2023 and is currently undergoing…
…industries, an important ICC award reshaped risk allocation in the construction industry. As further explained here, the dispute arose out of the expansion and modernization of a refinery in Colombia…
…experience as one of the negotiators in the ECT modernization negotiations, when it comes to investment protection and ISDS, ECT member states were able to achieve an impressive result in…
…was disqualified due to her engagement as counsel in “sheer number of cases” involving overlapping questions of interpretation of the Energy Charter Treaty (ECT) notwithstanding the fact that she was…
…provide a brief overview, in 2014, an arbitral tribunal seated in The Hague found that Russia had unlawfully expropriated Yukos’ assets in breach of the Energy Charter Treaty (“ECT“) and…
…the Energy Charter Treaty (“ECT”) complicates the landscape even further. Questions were raised around how the arbitration community should deal with the risk of disappearance of intra-EU investment arbitration and…
…from Global Justice Now) In 2023, several EU members left the ECT, the largest investment arbitration treaty, after accusations that companies “weaponise” this “climate-wrecking,” “climate-killing” “obscure energy treaty”…
…“upstream national legal protection” to effectively stop intra-EU ECT ICSID proceedings due to a lack of an effective arbitration agreement, recognition and enforcement of intra-EU IIA/ECT awards will increasingly be…
…arbitral tribunal clarified (para. 363) that: The ECT did not bar Spain from making appropriate changes to the regulatory regime . . .. Thus, the Tribunal does not accept Claimants’…
…states, the Energy Charter Treaty (ECT) as well as the EU’s new generation trade and investment treaties such as the EU-Canada Comprehensive Economic and Trade Agreement (CETA). In addition, the…
…and modernization of a refinery in Colombia. Reficar selected CB&I as the contractor responsible for the engineering, procurement and construction (“EPC”) of the refinery. The project was originally conceived as…
