ECT

Energy Charter Treaty

Israeli court refuses to enforce €20m ruling against Spanish gov't
German company Sunflower cannot enforce in Israel a binding arbitration award requiring the Spanish government to pay it €18.4 million plus €1.5 million in costs.
Annulment insurance and disposal of Italian assets
Rockhopper has drafted new request for arbitration against Italy and expects to submit it in the coming weeks.
EU refers Hungary to the highest court
The European Commission has referred Hungary to the Court of Justice of the European Union for refusing to comply with a key European Union ruling on investor-state arbitration under the Energy Charter Treaty.
Aftershock in Groningen
How Shell and ExxonMobil use arbitration to offload the costs of closing the Netherlands’ largest gas field.
Spain makes first payment in lengthy renewable energy fight
The Spanish government made its first payment as a result of an arbitration decision in 2021 around the country’s move to change investor incentives tied to renewable energy projects, following a number of lengthy legal battles between Spain and various creditors.
Recent fossil fuel arbitration claims based on the ECT: the urgency of neutralizing the sunset clause
The Energy Charter Treaty (“ECT”), the most widely used investment treaty, has become highly controversial for enabling investors to challenge national policies aimed at achieving climate goals through its ISDS mechanism, leading to a phenomenon known as “regulatory chill.
US court sides with MOL: Croatia ordered to pay $200 million in damages
A US federal court has dismissed Croatia’s request to block the enforcement of a 2022 arbitration ruling in favor of Hungarian energy giant MOL.
Energy Charter Treaty irrelevant to Africa
The Energy Charter Treaty not only locks countries into outdated fossil fuel investments but also hampers their ability to pursue sustainable, climate-friendly energy policies.
British oil company files lawsuit against Kazakhstan
British oil and gas company Victoria Oil & Gas has filed a lawsuit against Kazakhstan, citing provisions under the Energy Charter Treaty.
EU Commission tells Spain not to pay up in long-running renewable subsidies case
The European Commission handed Spain a victory when it instructed the country not to pay any compensation in a case related to claims amounting to billions of euros on renewable energy subsidies cut more than a decade ago.