In the context of investment treaties and arbitration, states should not put private arbitrators in the driver’s seat on issues of valuation of fossil fuel assets and compensation.
After years of dispute, the ICSID ruled last November that the province of Salta must pay an eight-figure sum as compensation. Argentina has only now decided to appeal the decision.
Withdrawal from the Energy Charter Treaty (ECT) is the only realistic way for the European Union to fix the outdated treaty’s incompatibility with the EU’s own laws, a new in-depth legal study has found.
Kyrgyzstan government deposited with the World Bank a document on the ratification of the ICSID Convention, thereby completing the process of joining the world's leading institution for resolving international investment disputes.
The Slovenian parliament has imposed a blanket ban on hydraulic fracturing to produce natural gas, amid arbitration proceedings initiated against Slovenia by Ascent Resources.
The initiative is aimed at exploring “how the investment treaties of tomorrow could help address these challenges and how to deal with existing agreements in a pragmatic way.”
From March 1 to 4, 2022, ECT parties met for their 11th round of negotiations for a possible reform of the treaty but the meeting was overshadowed by rising energy prices and the Russian invasion of Ukraine.