Work Area: Renewable energy
Canada defeats NAFTA claim over “Breakfast Club” conspiracy
A NAFTA tribunal has rejected a US energy company’s claim that a secret “Breakfast Club” cabal of Canadian politicians and officials had prioritised other investors – after finding the claimant did not hold an investment at the relevant time.
05 January 2023
Bulgaria faces new ECT claims
ICSID has registered two new Energy Charter Treaty cases against Bulgaria in the past month: a billion-euro claim brought by children of a deceased Lithuanian oil and gas entrepreneur, and a claim by a Chinese-owned solar investor.
06 December 2022
ECT parties delay vote on treaty reform
Contracting parties to the Energy Charter Treaty have delayed a vote that was due to take place today on whether to adopt a modernised version of the controversial treaty – after EU member states failed to agree on whether to support the reforms.
22 November 2022
Japanese wind investor wins damages over Spanish reforms
A Japanese wind farm investor has won €106.2 million in the latest Energy Charter Treaty award against Spain over reforms to its renewables sector, as the state is threatened with an ECT claim by the developer of a uranium project.
22 November 2022
Luxembourg at ECT exit door
Luxembourg has decided to withdraw from the Energy Charter Treaty – becoming the seventh European state to make similar moves in recent weeks.
18 November 2022
Korean hydro venture brings LCIA claim against Pakistan
Pakistan is reportedly seeking outside counsel to defend it in an LCIA claim by a South Korean joint venture over a hydropower project that has already led to two other arbitrations.
16 November 2022
Germany latest to quit ECT
Germany’s ruling coalition has decided to withdraw the country from the Energy Charter Treaty, while saying it will ratify the EU-Canada trade agreement known as CETA.
11 November 2022
Slovenia joins European exodus from ECT
Slovenia has become the latest EU member state to announce it is withdrawing from the Energy Charter Treaty, as Switzerland confirms it will vote to adopt modernisations to the treaty.
10 November 2022
Chinese state entities take Maltese awards to California
Subsidiaries of two Chinese state-owned entities have applied to a California court to enforce awards issued in a pair of cases at the Malta Arbitration Centre relating to the €71 million sale of solar power assets.
03 November 2022
Latvia fights ECT claim after dislodging arbitrator
Latvia has revealed it is facing an Energy Charter Treaty claim from a renewables investor, after successfully challenging the claimant’s original pick as arbitrator because of her counsel work in other cases.
31 October 2022