Region: Europe

UK withdraws ECT protections for Russian investors

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

ICSID panel to consider "novel issue" of heirs’ claim

An ICSID tribunal has found that whether Lithuanian heirs have legal standing to bring an Energy Charter Treaty claim against Bulgaria on behalf of their late father is a “novel issue” that can’t be decided on an expedited basis.

29 September 2023

Firtash suit falls foul of draft LCIA clause

A Dutch court has declined jurisdiction over various defendants in a US$500 million litigation brought by a company owned by Ukrainian oligarch Dmytro Firtash after finding that an LCIA arbitration clause in a draft contract was valid.

28 September 2023

Rosneft asks Russian court to restrain BP arbitration

Rosneft has asked a Moscow court to block BP from pursuing an international arbitration – with the British company confirming the dispute does not relate to its ongoing effort to divest its stake in the Russian state-controlled entity.

27 September 2023

Spain seeks annulment of renewables awards

Spain has applied to annul a pair of Energy Charter Treaty awards that held it liable to Japanese and Dutch investors over reforms to its renewable energy subsidy regime.

26 September 2023

Besson award surfaces in uranium trading dispute

UPDATED: A French-owned uranium trader has asked a US court to enforce an ICC award issued by Swiss arbitrator Sébastien Besson over supplies of uranium ore destined for a plant in Argentina.

26 September 2023

Edinburgh hosts inaugural ArbFest

The inaugural Edinburgh International Arbitration Festival, or ArbFest, took place on 21 and 22 September, featuring discussion of emerging technologies and ESG, the advantages of smaller institutions and ISDS. Lilit Nagapetyan, PhD candidate at the Queen Mary School of International Arbitration, reports.

26 September 2023

UK court grants another injunction in support of foreign-seated ICC clause

In a further UK decision on interim anti-suit relief in support of foreign-seated arbitrations, the Commercial Court in London has prohibited a party from pursuing litigation in the Russian courts – again enforcing an ICC arbitration clause with a Paris seat.

25 September 2023

Italian court won’t enforce partially annulled ICC award

An Italian court has ruled it has no power to enforce the surviving parts of an ICC award relating to a Malaysian steel plant after it was partially set aside at the seat of the arbitration in Singapore.

22 September 2023

Repsol brings claim against LNG supplier

Spanish energy company Repsol has reportedly filed a US$100 million ICC claim against US exporter Venture Global – the fourth known case the supplier is facing over its alleged failure to provide contracted deliveries of liquefied natural gas.

21 September 2023

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