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Latvia goes to arbitration over energy disagreement
A company registered in Switzerland, RSE Holding AG, has initiated an international arbitration proceeding against Latvia claiming that changes effected to the regulatory framework applicable to electricity produced in high-efficiency cogeneration are in breach of European rules.
UK independent hit by $190 million annulment claim
UK-based Rockhopper Exploration has been dealt a blow in its protracted legal battle with Italy with the European nation applying to the ICSID to annul the €190 million payment it was ordered to make.
Beyond ‘Once BITten, Twice Shy’: defending the legitimacy of investor-state dispute settlement in Peru and Australia
Why do governments include ISDS in investment treaties despite scant evidence of its economic benefits and clearer info about its costs?
The agreement in principle on ECT “modernization”: A botched reform attempt that undermines climate action
The renegotiated ECT does not rise to the mounting global challenges regarding energy investment, climate action, and sustainable development.
Justice ministry requests recalculation of ICSID ruling
Should the claims be accepted, the amount the South Korean government has to pay to Lone Star would be reduced to a little over 216 million U.S. dollars.
A backdoor for fossil fuel protection: How extending ECT coverage to CCUS, hydrogen, and ammonia will lock-in oil & gas
Extending protection under the Energy Charter Treaty to investments in carbon capture, utilization and storage, hydrogen, and ammonia, among other emerging energy technologies and products, could hamper the ability of States to end reliance on fossil fuels.
Yukos shareholders seek to enforce $50 bln award against Russia in London court
Former shareholders of defunct oil giant Yukos asked a judge in London to allow the enforcement of a $50 billion arbitration award against Russia.
Swiss court rejects Russia's appeal in Yukos case
Russia must pay $2.6 billion to Yukos Capital after Switzerland's highest court rejected an appeal by Moscow.
UNCITRAL and ISDS reform: What to expect when you’re expecting
It seems that finding ways to cope with a potentially overwhelming reforms-to-develop list and finding compromises will become increasingly important.
Russia’s purported annexation of parts of eastern Ukraine likely to trigger investment treaty claims against Russia
On September 30, 2022, Russian President Vladimir Putin purported to annex four Ukrainian provinces: Luhansk, Donetsk, Kherson, and Zaporizhzhia. This escalation is likely to trigger investment treaty claims against Russia.