Work Area: Oil and gas
Germany denies ECT protections to Russian investors
Germany has invoked the Energy Charter Treaty’s denial of benefits clause in an apparent bid to forestall claims by Russian investors over measures taken in response to the war in Ukraine.
22 March 2023
Uniper withdraws ECT claim
Uniper has withdrawn its controversial Energy Charter Treaty claim against the Netherlands over climate change legislation as a condition of a €34.5 billion bailout from the German government.
21 March 2023
Iran threatens Pakistan with US$18 billion pipeline claim
Iran has reportedly threatened to bring an US$18 billion arbitration against Pakistan over a gas pipeline project disrupted by US sanctions.
09 March 2023
Oil trader wins ECT award against Poland
A Cyprus-registered oil trader has won US$47.6 million in an Energy Charter Treaty claim over Poland’s refusal to comply with decisions by its own courts ordering the state to pay interest on a repaid fine.
07 March 2023
Nigeria fails to undo UK recognition of power plant award
The Commercial Court in London has upheld the recognition of an UNCITRAL award against Nigeria issued six years ago in a dispute over a US$200 million power privatisation.
06 March 2023
Kazakhstan seeks to overturn US enforcement of Stati award
Kazakhstan has asked a US court to reverse its decision to enforce a US$500 million Energy Charter Treaty award, arguing the Moldovan creditors have turned the court into an “unwitting instrument of a massive fraud”.
03 March 2023
Nicaragua defeats ICSID claim over oil and gas concession
An ICSID tribunal has rejected a claim worth up to US$198 million brought by a group of US investors against Nicaragua over the termination of an oil and gas concession.
02 March 2023
Cameroon challenges Clay in pipeline case
Cameroon has sought to disqualify French arbitrator Thomas Clay from hearing an ICSID dispute with an oil consortium.
02 March 2023
Russian court rules against Siemens in rail dispute
A Russian court has ruled that a Siemens entity must fulfil a billion-euro contract for high-speed trains after disapplying an Austrian arbitration agreement – as another German multinational fails to lift a freeze on its Russian assets.
01 March 2023
Russian court restrains SCC case against Rosneft entity
A Russian court has ordered a Texas oil company to refrain from pursuing a Stockholm Chamber of Commerce arbitration against a Rosneft subsidiary or face a US$148 million penalty – as a final award in the dispute comes to light.
22 February 2023