Industry: Energy
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
Swiss court says ICC claim against Rosatom can proceed
A Swiss court has upheld an ICC award that accepted jurisdiction over claims worth €800 million against Russia’s Rosatom concerning advance payments for work on a Finnish nuclear power plant.
22 November 2024
New ECT threat over Czech solar reforms
UPDATED: Three European renewable energy companies have threatened to bring an Energy Charter Treaty claim against the Czech Republic in response to “destructive” proposals to reduce state subsidies for solar photovoltaic plants.
06 November 2024
Spain defeats intra-EU claims at ICSID
Spain says it has defeated a pair of Energy Charter Treaty claims worth more than €72 million brought by renewables investors – the first time ICSID tribunals have found they lack jurisdiction over intra-EU disputes.
15 October 2024
Finnish state entity settles Russian wind farm dispute
Finland’s Fortum Oyj says it has settled its €200 million ICC dispute with a Danish manufacturer over Russian wind projects – as Russia instructs counsel in a separate treaty claim lodged by the Finnish state-owned company.
11 October 2024
Uniper sees award upheld in Dutch gas supply dispute
A Swiss court has upheld an award favouring German state-owned energy company Uniper in an under-the-radar dispute with a Dutch gas distributor concerning a long-term supply contract.
07 October 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
Spanish utility challenges LNG award
Spanish gas company Naturgy has asked a US court to overturn a US$200 million award won by Portugal’s largest electricity operator, alleging that it concealed the existence of a related arbitration.
30 September 2024
Mauritian power investor brings claim against Tanzania
A Mauritian power company has lodged a US$500 million ICSID claim against Tanzania over its refusal to issue a licence to sell electricity in the country.
27 September 2024