The documents highlight for the first time the pressure placed on the French parliament by a foreign company’s threat to use the ISDS mechanism.
A US arbitration court has rejected a German government petition that said the panel had no right to rule on a damages claim by Sweden’s Vattenfall. Berlin cited a ruling by the Court of Justice of the European Union.
Drafted by the Energy Charter Secretariat
The ever-expanding Energy Charter Treaty and the power it gives corporations to halt the energy transition.
ICSID imposes a fine of 64.5 million euros for a claim by a fund of the state of Abu Dhabi.
Swedish utility Vattenfall has no legal grounds to ask a US arbitration court if it can claim 4.7 billion euros from Berlin for forcing it to halt nuclear production, the German government has said.
In a second international ruling against retroactive cuts in renewables support introduced by the Spanish government in 2013, a Swedish arbitration panel has awarded a Luxembourg-based investment firm €53 million compensation.
The case is one of several brought to courts in Europe by Moldovan businessman Anatolie Stati who is attempting to force the Kazakh government to pay up in a dispute about his energy investments in the oil-rich country.
Much of the problem can be traced to bilateral investment treaties and investment rules embedded within broader trade pacts.
Spain has lost its first international arbitration process over cuts to renewable energy subsidies
Germany’s highest court has ruled in favor of three power companies in a dispute over a government decision to phase out nuclear energy. Vattenfall is also suing at the International Center for Settlement of Investment Disputes (ICSID).
Czech utility CEZ has launched arbitration seeking hundreds of millions of euros from Bulgaria for failure to protect its energy investments
The arbitration dispute concerns the treatment applied by the Romanian authorities to the investments performed by KMG and KMGI in their Romanian subsidiaries.
In a major victory for the Russian government, a Dutch court overturned an award of more than $50 billion to former shareholders of the defunct oil company Yukos.
Russian space agency Roscosmos has won a court action in France concerning $700 million in payments owed to the company, which were seized by French authorities.
An international arbitrator threw out claims from two investors protesting against Spain’s 2010 cuts to renewable energy subsidies, setting a potential precedent for other lawsuits pending.
Britain’s role, not just with TTIP, seems to be that of facilitating and encouraging excessive corporate power over governments all around the world.
The number of claims filed by renewable energy investors under the Energy Charter Treaty (ECT) has risen significantly.
Why the Commission’s proposal for an “Investment Court System” still fails to address the key problems of foreign investors’ privileges
There has been an explosive increase of cases of investor-state dispute settlement (ISDS). Modern investor-state disputes often revolve around public policy measures and implicate sensitive issues such as health and environmental protection