ECT

Energy Charter Treaty

Australia's Berkeley Energia claims $1.25 billion from Spain over uranium dispute
In this investment dispute, Berkeley claims that Spain’s actions against its Spanish subsidiary, Berkeley Minera España, and the SalamancAustralia's Berkeley Energia filed a memorial of claim for about $1.25 billion against Spain at the World Bank's arbitration tribunal, up from a previous request, over the blocked Salamanca uranium project.
EU challenges 16 Member States over stalled energy charter withdrawals
The European Commission has launched new legal steps against several EU countries over energy-related obligations, including continued participation in the Energy Charter Treaty.
Commission opens in-depth investigation into arbitration award ordering Bulgaria to pay compensation to ACF
The European Commission has opened an in-depth investigation to assess whether an arbitration award, in which Bulgaria is ordered to pay compensation to ACF for changes to a renewable electricity support measure, is in line with EU State aid rules.
Ukraine wins arbitration in Stockholm on "green tariff"
The Arbitration Tribunal in Stockholm rejected the claim of the foreign investor Modus Energy International B.V. regarding changes to the "green tariff".
Greenx Metals shares up as wins court case in Singapore against Poland
The mining company said the Singapore International Commercial Court of the Republic of Singapore rejected in its entirety, the Republic of Poland's application to set aside the Energy Charter Treaty award.
NGOs call on Government to leave Energy Charter Treaty as new claim emerges
Civil society groups are calling on the Government to leave the Energy Charter Treaty (ECT) and reject ISDS, as a new threat emerges over the government's refusal to grant an exploration licence to an oil and gas company.
Luxembourg eco-investors helped sink condemned energy treaty
Funds used fossil-fuel friendly tool to fight back when countries pulled renewable energy incentives, hurting their green investments.
Dutch Supreme Court rejects Russia’s final appeal in $50B Yukos case
The Dutch Supreme Court on Friday rejected a final appeal by Russia against a $50 billion arbitration award to former shareholders of Russian oil giant Yukos, who claimed Moscow deliberately bankrupted the company more than 20 years ago.
Romania withdraws from the Energy Charter Treaty
The Government has approved a draft law approving Romania’s withdrawal from the Energy Charter Treaty.
Exxon and Shell sue the Netherlands in secret tribunals for closing Europe’s biggest gas field
Following billions in profits and over a thousand gas extraction-related earthquakes, the oil and gas giants filed claims against the Dutch state in four separate investor-state disputes concerning compensation for home damages and the permanent closure of the Groningen gas field.