Topic: Denial of benefits

An ICSID tribunal has declined to hear a Georgian businessman’s US$700 million claim against Azerbaijan over alleged interference in the sale of his stake in an onshore oilfield. 

09 April 2025

The European Commission has proposed that the EU should invoke the Energy Charter Treaty’s denial of benefits clause to withdraw protections for Russian and Belarusian investors.

10 April 2024

The UK has invoked the Energy Charter Treaty’s denial of benefits provision to withdraw protections for special categories of Russian investors, including “mailbox” investors and those subject to the UK sanctions regime.

02 October 2023

Germany has invoked the Energy Charter Treaty’s denial of benefits clause in an apparent bid to forestall claims by Russian investors over measures taken in response to the war in Ukraine. 

22 March 2023

UPDATED: Ukraine has invoked the Energy Charter Treaty’s denial of benefits provision to refuse protection to Russian-owned investments, as the state is threatened with a potential claim over the seizure of assets belonging to a chain of petrol stations.

22 August 2022

An ICSID tribunal has rejected Colombia’s preliminary objections to a US$250 million treaty claim brought by a Canadian company which says illegal miners have blocked access to its gold and silver projects in the country.

01 December 2020