Organisation: European Commission
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
Finnish-Russian gas supply award surfaces
One of the first awards to address the disruption of Russian gas supplies to Europe caused by the war in Ukraine has surfaced – shedding light on the legal consequences of a Putin decree requiring buyers to pay for gas in roubles.
11 July 2024
Hungary at odds with EU over declaration on Komstroy
Hungary has broken with other EU member states over their understanding of the effects of the European Court of Justice’s ruling in Komstroy – declaring that international law requires the Energy Charter Treaty be amended by its signatories to ensure its non-applicability to intra-EU disputes.
03 July 2024
EU cracks down on Russian “meddling” with arbitration
The European Union has adopted measures allowing EU operators to claim compensation for damages caused by Russian parties – as well as new sanctions on parties that use the Russian courts to interfere with arbitration and litigation.
27 June 2024
EU notifies withdrawal from Energy Charter Treaty
The European Union has formally notified its withdrawal from the Energy Charter Treaty, as member states sign a declaration on the inapplicability of the treaty’s arbitration provisions to intra-EU disputes.
27 June 2024
EU Council votes to join Mauritius Convention
In a long-awaited development, the Council of the European Union has authorised the EU to sign the Mauritius Convention on transparency in ISDS.
26 June 2024
Italy sees another intra-EU award overturned in Sweden
A Swedish court has overturned a second Energy Charter Treaty award in favour of renewables investors against Italy on the basis it is incompatible with EU law.
17 June 2024
EU Council gives final approval for exit from Energy Charter Treaty
The Council of the European Union has given the “final green light” for the withdrawal of the EU and its nuclear agency from the Energy Charter Treaty under a compromise that it hopes will break the deadlock over the treaty’s modernisation.
31 May 2024
Fridman-owned entity threatens claim against Cyprus
A Luxembourg company part-owned by sanctioned Russian oligarch Mikhail Fridman says it is considering legal action against Cyprus, alleging it has lost more than US$7 billion worth of assets as a result of regulators’ failure to approve the divestment of its holdings in Russia’s banking sector.
29 May 2024
UK pulls out of Energy Charter Treaty
The United Kingdom has made good on its promise to withdraw from the Energy Charter Treaty over the failure of efforts to align it with climate change goals.
29 May 2024