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Pakistan escapes $1.2 billion penalty as Turkey helps resolve Karkey dispute
The Karkey dispute between the government and a Turkish ship-based energy firm has finally been resolved due to efforts of Turkish government, Prime Minister Imran Khan said.
It’s time to scrap the Energy Charter Treaty
The EU taxpayer is the main loser from the continuation of the Energy Charter Treaty which locks Europe into carbon and energy injustice at a high cost to taxpayers.
Arbitration tribunal delays award in ₹10,247-cr Cairn retro tax case to mid-2020
The tax department had sought ₹10,247 crore in taxes on alleged capital gains made by the company in the internal reorganisation
Estado peruano pagaría US$ 2,000 millones el año 2022 por arbitraje del gasoducto en el CIADI
Peritos contratados por Enagás determinaron que el valor actualizado de los activos del Gasoducto que quedaron en manos del Estado (ductos, maquinarias, etc.) alcanza los US$ 1,980 millones.
Hungría torpedea a España en los arbitrajes renovables al aliarse con los fondos en EEUU
Una empresa estatal húngara se persona en los pleitos en Washington como aliada de los demandantes. Quiere mantener la jurisdicción del Banco Mundial frente al Tribunal de la UE.
Court enforces ICSID award
This case involves a dispute between TECO, an energy company incorporated in the United States, and the Republic of Guatemala, over electricity rates.
Recent ECT claims - Impact for energy investors and governments
More claims from energy companies in the coming months and years, as more states enact legislation aimed at reducing reliance on fossil fuels and change incentive programs for renewable energy providers.
Ukraine denied reconsideration of $112 mln dispute with Russia’s Tatneft
The Supreme Court of Russia denied a motion lodged by Ukraine demanding reconsideration of a ruling in Ukraine’s $112 million dispute with Russia’s Tatneft oil company.
’$1.2b penalty in Karkey case likely to be waived’
International institutions, through high-level backdoor contacts, have agreed to waive off the $1.2 billion penalty Pakistan has to pay to Turkey’s Karkey, senior lawyer Babar Awan said.
Russia strengthens its position in Yukos case over past three years — defense rep
The Russian side appealed that a number of provisions of the Energy Charter Treaty could not be applied to the Russian Federation because it did not ratify it.
Ricardo Salles to meet with European chemical and car giants
Leaked agenda shows Brazil’s environment minister will meet with BASF, Bayer, VW and British fossil fuel and mining interests.
Over $100 million paid to Karkey as penalty, claims Sherry
Pakistan has paid over $100 million to Turkish rental power company Karkey as a penalty out of $800 million, Senator Sherry Rehman has said.
Nord Stream 2 sues EU using ISDS
The company building the controversial Nord Stream 2 gas pipeline from Russia to Germany under the Baltic Sea today sued the European Union over new gas rules it says are threatening its investments in the project.
The Energy Charter Treaty (ECT): Assessing its geopolitical, climate and financial impacts
The Energy Charter Treaty is a multilateral agreement that grants binding protection for foreign investors and includes also binding provisions for free trade and freedom of transit of energy materials and products.
Europe’s Green Deal is under threat from Energy Charter Treaty
The EU and its member states should collectively withdraw from the Energy Charter Treaty, which protects fossil fuel investments.
In yet another solar energy incentives case against Italy, ECT tribunal applying proportionality test finds breach of legitimate expectations
This claim to the long series of cases arising out of Italy’s reform of its scheme of incentive tariffs for solar energy.
Netherlands faces ISDS threat after decision to ban coal-based power generation by 2030
German company Uniper has threatened to bring an ISDS case against the Dutch government after a decision to ban coal-based power generation by 2030.
Solar Wars part XI: The EC strikes back
The European Commission is taking steps to reduce the prospect of future claims by demanding the reform of the Energy Charter Treaty.
Cairn arbitration award may be protracted, not expected before 2019-end
UK’s Cairn Energy on Tuesday said the arbitration process against India on imposition of retrospective tax demand is likely to be protracted and a decision is not expected before late 2019.
Reko Diq, Karkey cases: Pakistan to challenge verdicts of ICSID: Omar
Pakistan government is going to challenge the verdicts of International Centre for Settlement of Investment Disputes (ICSID), said Minister for Power Division.