energy

oil, gas, agrofuels

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".
Gulf investors file $2bn arbitration against Pakistan over K-Electric
The dispute stems from an October 2016 agreement to sell a majority stake in K-Electric to Shanghai Electric Power Company.
Shell files new arbitration against the Netherlands over Groningen gas field closure
Shell is suing the Netherlands in yet another attempt to evade its responsibility for decades of gas extraction in Groningen.
Fight over Venezuelan oil highlights shadowy international legal system
Trump said the socialist government “stole” from American oil companies. Those firms have been seeking billions in compensation through a controversial arbitration system.
Corporations are ready to cash in on Venezuela
Before Donald Trump’s capture of Nicolás Maduro, corporations filed lawsuits against Venezuela seeking damages tied to state nationalization, international sanctions, and political instability. A Trump-installed government could tilt the courts in their favor.
Halliburton files ISDS suit against Venezuela for damages resulting from… US sanctions on Venezuela
The US oilfield services company Halliburton quietly filed a suit against Venezuela at the World Bank’s international arbitration court, ICSID.
Latest twist in Chevron’s Amazon pollution saga: Ecuador ordered to pay the oil company $220 million
Indigenous and other Ecuadorians have lived with millions of gallons of toxic pollution from Texaco’s operations for decades. Now, those victims’ tax dollars will go to Chevron, which acquired Texaco in 2001. celebre su derrota.
Dutch court freezes TurkStream assets over Crimea dispute
In a case concluded in November 2023, the Permanent Court of Arbitration in The Hague ordered Russia to pay $207.8 million in compensation, along with interest and arbitration costs, to Akhmetov’s company for the expropriation of its assets in Crimea.
Between national engine and corporate plunder: the drift of Argentina´s Fiscal Oilfields YPF
The YPF case exposes the inconsistencies of the international investment protection system, which enables large corporations to engage in predatory practices, creating severe macroeconomic problems for Argentina.