Law: Energy Charter Treaty
Russia sues arbitrators and counsel in ECT dispute
Russia has reportedly asked its own courts to restrain a German oil and gas producer from pursuing an Energy Charter Treaty claim on pain of a €7.5 billion penalty, while seeking to have the arbitrators and the investor’s German law firm held jointly liable if the arbitration proceeds.
17 April 2025
Romania defeats renewable energy claim
UPDATED: Romania has defeated an Energy Charter Treaty claim worth at least €256 million brought by a group of European and Asian solar investors over changes to the state's renewables regime.
17 January 2025
ECT members vote to adopt modernised treaty
In a long-awaited development, signatories to the Energy Charter Treaty have voted to adopt a modernised version of the 1994 treaty, including changes to its investment protection and dispute settlement provisions.
04 December 2024
Spain denied rehearing in US battle over ECT awards
A US appeals court has refused Spain’s request for a rehearing of its challenge to the enforcement of Energy Charter Treaty awards worth a combined €360 million plus interest in favour of renewable energy investors.
04 December 2024
Poland challenges treaty award over coal project
UPDATED: Poland has applied to set aside a bilateral investment treaty award requiring it to pay £252 million to an Australian mining company for obstructing a coal project.
11 November 2024
Spain fails to annul one ECT award but seeks to overturn another
An ICSID committee has reportedly refused Spain’s request to annul a €28 million Energy Charter Treaty award won by a German solar investor – as the state seeks to overturn another award issued under the treaty over its renewable energy regime.
01 October 2024
Finland faces first ICSID claims
Finland is facing its first-ever ICSID cases – a pair of Energy Charter Treaty claims brought by investors in the country’s largest electricity distribution network.
27 August 2024
European Commission pursues Hungary over Komstroy split
The European Commission has launched infringement proceedings against Hungary after the state broke with the rest of the European Union over the retroactive application of the Komstroy ruling on intra-EU arbitrations under the Energy Charter Treaty.
30 July 2024
UK oil company monetises Energy Charter Treaty award
London-listed oil company Rockhopper Exploration says it has received an initial payment from a deal to monetise an Energy Charter Treaty award against Italy, resulting in a €26 million payout to the funder that backed the arbitration.
04 July 2024
Swedish court sets aside another ECT award against Spain
The Svea Court of Appeal has set aside a €48 million Energy Charter Treaty award in favour of European solar investors against Spain, finding that as an intra-EU award it was incompatible with fundamental principles of Swedish and EU law.
04 July 2024