Topic: Achmea
Hungary’s MOL seeks to enforce against Croatia
A Hungarian oil and gas group that won a US$237 million ICSID award against Croatia after defeating the state’s bribery defence has moved to enforce it in a US court, putting the award in the public domain.
26 January 2023
Swedish courts annul intra-EU treaty awards
The Swedish courts have set aside intra-EU investment treaty awards made against Poland and Spain based on the European Court of Justice’s rulings in Achmea and Komstroy.
14 December 2022
Ireland’s Achmea moment?
The Irish Supreme Court has ruled that ratifying the EU-Canada trade agreement known as CETA would breach the country’s constitution by infringing juridical sovereignty – a move that commentators have called “Ireland’s Achmea moment”.
22 November 2022
Dutch court refuses to terminate intra-EU BIT claim
A judge in Amsterdam has refused to order a Dutch investor to terminate an intra-EU bilateral investment treaty arbitration against Poland on the basis of the Achmea ruling.
19 October 2022
Spain liable in another solar case
An ICSID tribunal has ruled Spain must compensate a group of German investors for reforms to its renewable energy subsidy regime, while other disputes over the same measures have seen failed reconsideration requests and an unsuccessful enforcement bid in Colombia.
16 September 2022
German court declares ICSID claims inadmissible
UPDATED: A German court has declared that two ICSID claims brought by German energy companies against the Netherlands are inadmissible as they are incompatible with EU law.
07 September 2022
Poland moves to exit ECT
The Polish government has prepared draft legislation to withdraw the country from the Energy Charter Treaty, citing the need to comply with EU law and a lack of progress in efforts to modernise the treaty.
02 September 2022
UK oil company wins ECT award against Italy
London-listed oil and gas company Rockhopper Exploration says it has won €190 million plus interest in an Energy Charter Treaty claim over Italy’s refusal to grant a concession for an oilfield on the country’s Adriatic coast.
24 August 2022
Luxembourg’s top court blocks Micula award
The Luxembourg Court of Cassation has quashed the enforcement of the Micula brothers’ ICSID award against Romania on the basis that the arbitration clause in the underlying investment treaty was nullified when the state joined the European Union.
18 July 2022
Bermann blasts ECJ at GAR Live Istanbul
US arbitrator and academic George Bermann has criticised the European Court of Justice at GAR Live Istanbul for “hypocrisy” and “opportunism” in its attack on intra-EU investment and (increasingly) commercial arbitration – while also highlighting “twilight issues” on which tribunals lack guidance.
18 July 2022