Region: Austria

Germany liable over wind energy reforms

Austrian engineering group Strabag has moved to enforce the first known investment treaty award against Germany, which requires the state to pay €334 million over regulatory changes that affected wind projects in the North Sea.

07 April 2025

Romania seeks annulment of oil refinery award

Romania is seeking to annul an Energy Charter Treaty award that reportedly granted US$85 million to a Russian-owned petrochemical investor over the seizure of a refinery.

27 March 2025

Panel rules on second blood cancer drug case

An ICC tribunal has issued a partial award in a second arbitration between a Taiwanese pharmaceutical company and its Austrian partner over a blood cancer treatment – a case where the parties had been seeking US$5 billion.

17 February 2025

Austrian energy company reports another win against Gazprom

Austrian energy group OMV says it has won an SCC award worth €48 million against Russia’s Gazprom over a terminated gas supply contract – months after winning another award against the Russian entity over a separate agreement.

05 February 2025

Austrian energy group wins ICC award against Gazprom

Austrian energy group OMV says it has won €230 million in an ICC claim against Russia’s Gazprom over a contract to supply gas to the German market – and intends to pursue enforcement immediately.

14 November 2024

SCC panel sides with Russian group over sanctions

A Moscow court has enforced an SCC award that found an Austrian subsidiary of Russia’s largest petrochemicals group was not owned or controlled by persons subject to EU or UK sanctions.

24 October 2024

Ukrainian state miner defeats claims by Austrian company

A Ukrainian state-owned mining company has reportedly defeated claims worth US$22 million brought by an Austrian company over supply of raw materials – as another state entity pauses its search for external counsel for a prospective investment treaty claim against Russia.

16 October 2024