ECT

Energy Charter Treaty

ExxonMobil sues the Netherlands over gas field closure
The multinational disagrees with the decision that gas production in the Dutch province of Groningen will be shut down early.
Australian mining firm trumps Poland in arbitration
Invoking the Australia-Poland bilateral investment treaty, together with the Energy Charter Treaty, Green X has been awarded hundreds of millions of dollars over a thwarted mining project.
German player to pursue multibillion-euro arbitration over Russia energy assets
The “de-facto expropriation of Wintershall’s interests in Russian gas ventures was formalised in December 2023 when President Putin issued decrees invalidating gas sale contracts and transferring assets to Russian companies.
Investors sue Finland for attempt to curb power transmission prices
Investors in Finland's largest power distributor Caruna are taking the Nordic country to arbitration, the Finnish foreign ministry said, due to the Finnish Energy Authority's attempt to curb rising power transmission prices for ordinary consumers.
Opponents of controversial energy investment treaty to go after old agreements
Having pushed the EU out of the controversial Energy Charter Treaty, pressure groups and MEPs are now aiming for the legacy of over 1,000 bilateral investment agreements signed over decades.
Spain suffers energy award setback in US
Three energy companies took a step closer to enforcing their respective Energy Charter Treaty-related arbitral awards in a US appellate court, but the saga is far from over.
Why Switzerland is diverging from Europe on a key energy treaty
The European Union will withdraw from the Energy Charter Treaty, an international agreement that protects investments in coal and oil. But Switzerland is sticking to the agreement which scientists considered incompatible with climate goals.
EU notifies exit from Energy Charter Treaty and puts an end to intra-EU arbitration proceedings
The EU has taken the final step to exit the Energy Charter Treaty; the Union and its Member States have also reached a formal agreement to put an end to the continuation of intra-EU arbitration proceedings under the ECT.
Russia’s President approves free trade agreement between EAEU, Iran
Russian President Vladimir Putin has approved a law ratifying the free trade agreement between the Eurasian Economic Union and Iran. The final stages of negotiations for the establishment of a free trade zone with Egypt and are also underway.
Intra-EU awards are still valid and enforceable outside the EU
Two recent decisions by the Swiss Federal Tribunal and the US Court of Appeal for the District of Columbia Circuit confirmed that international law does not offer arguments to contest either arbitral jurisdiction or the validity of arbitral awards in intra-EU investment cases.