ISDS Case Map
energy
oil, gas, agrofuels
India has time till mid-April to file an appeal against an international arbitration tribunal ordering it to repay UK's Cairn Energy Plc USD 1.2 billion-plus interest and cost, but the challenge can only be on limited grounds such as procedure not being followed.
Nigeria has unleashed one of the most spectacular legal attacks on one of its key oil and gas investors, to an extent previously unseen in the country’s more than 60 years of hydrocarbon production.
An international court has dismissed a lawsuit for 4.8 trillion pesos ($1.3 billion) filed by Spanish company Naturgy against Colombia over the seizure of its subsidiary Electricaribe.
To realise a future beyond fossil fuels, it is imperative to look at how to disentangle the legal shackles that enable companies to frustrate climate policy and shift the burden of their stranded assets onto the shoulders of taxpayers through arbitration claims.
India will be filing an appeal at The Hague this week against the $1.4-billion arbitration award against British oil firm Cairn Energy.
Cairn said its shareholders expect the use of the company's 'strong powers of enforcement' to recover 1.4 billion.
Vattenfall will get 1.606 billion euros and agreed to end pursuing a separate damages claim in the World Bank’s ICSID arbitration tribunal.
In his opinion on March 3, the Advocate General shed some light on this question by arguing that ISDS in intra-EU disputes is indeed not allowed under EU law.
It is highly questionable whether there will be a new or revised treaty in two years that will protect the climate instead of endangering it.
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