Work Area: Renewable energy
Lebanon defeats Greek contractor’s ICSID claim
An ICSID tribunal has dismissed a Greek company’s €417 million claim against Lebanon, finding that it abandoned a project to construct an electricity plant because of its own financial problems rather than any actions by the state.
24 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
Maltese solar investor pursues Bulgaria over intra-EU award
A Maltese investor has asked a US court to enforce a €70 million Energy Charter Treaty award against Bulgaria in an intra-EU dispute over the state’s reforms to its renewable energy incentives regime.
17 June 2024
Brazilian award creditor enforces against Chinese solar panel maker
A US court has confirmed a Brazilian renewable energy company’s US$73 million ICC award against a Chinese manufacturer of solar panels.
14 June 2024
Two ECT panels rule against Spain
ICSID tribunals have handed down decisions in two Energy Charter Treaty cases against Spain arising from changes to its incentives regime for renewable energy – holding the state liable in one case and ordering it to pay damages in the other.
07 June 2024
Ukrainian state entity puts Russia on notice over destruction of hydro plant
Ukraine’s state-owned hydropower company has notified Russia of a potential investment treaty claim over the destruction of one of its power plants.
06 June 2024
Italy overturns intra-EU award in Sweden
A Swedish court has invalidated an Energy Charter Treaty award that required Italy to pay €11 million to a Dutch renewable energy investor, finding it was incompatible with EU law.
31 May 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
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
EFILA explores “new frontiers” in investment arbitration
The 9th annual conference of the European Federation for Investment Law and Arbitration (EFILA) highlighted how investment arbitration is needed more than ever as society deals with geopolitical tension, climate change and the energy transition. Leah Thomas of Clifford Chance reports.
14 May 2024