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Leaked report reveals ‘misfunctioning’ of Energy Charter Treaty amid EU reform calls
A confidential internal report, obtained by EURACTIV, lists the multiple failings of the Energy Charter secretariat, at a time when the treaty is undergoing a major revision process and is being used by Russia’s Nord Stream 2 pipeline in a first-time legal proceeding against the EU.
Arbitrage case between Becchetti and Albanian Government settled
While the award rendered by the ICSID on April 24, 2019, has not been disclosed, Albanian media have circulated unconfirmed reports of €110 million.
Energy Charter Treaty modernisation: European Commission presents draft negotiating directives
The European Commission adopted a proposal for a Council Decision authorising negotiations to modernise the Energy Charter Treaty (ECT), to which the EU is part.
Rental power plant: Escrow account created to avert negative ruling
The Government of Pakistan has reportedly created an Escrow Account worth $ 150 million to avert a negative ruling by the international arbitration tribunal in case of M/s Kakey uriterium rental power plant
Dutch court upholds $5.2 billion asset freeze on major Kazakhstan oil field
Frozen assets securing a $532 million award against Republic of Kazakhstan.
Nord Stream 2 invokes Energy Charter Treaty to challenge EU gas link rules
EU plans to extend its internal energy market rules to Russia’s Nord Stream 2 natural gas link to Germany could breach the Energy Charter Treaty, which protects international investors, according to the Swiss-registered company building it.
Estado y Mamacocha irán a arbitraje si no concilian por hidroeléctrica trunca en Arequipa
El Estado y la empresa están en fase de conciliación, si no llegan a un acuerdo, se irá al arbitraje internacional. Proyecto de hidroeléctrica, en la laguna Mamacocha quedó trunco.
US company’s attempt to sue Australian government collapses
Florida-based APR Energy sought compensation for treatment of its gas turbines.
Rental power: Government in talks for out-of-court settlement
Pakistan government is reportedly in talks with the Turkish government and M/s Karkey for an out-of-court settlement to avert attachment of Pakistan’s properties in Europe
Venezuela’s Guaido to seek to annul $8.7 bln Conoco award
Guaido’s special prosecutor said has challenged the amount of the ICSID award, claiming “the methodology to determine the compensation was errant.”
Pakistan may not have to pay $1b Karkey penalty
The key suspect in the rental power plants case – Laeeq Ahmed Sheikh, who is in National Accountability Bureau’s (NAB) custody, has revealed some astonishing facts.
ICSID tribunal rejects EVN claims for further compensation from Bulgaria
EVN and Bulgaria reached an out-of-court settlement, under which part of the claims regarding the remuneration obligations for renewable energy were offset between a Bulgarian EVN subsidiary and the Bulgarian state-owned National Electricity Company.
Corbella: Notley’s ’beating down’ of the oil patch should cost her the election
The Czech-based company Petrolama Namur Oil Sands Exploration filed a notice of dispute against Canada on March 29 over the delay in completing the expansion of the Trans Mountain pipeline.
Hydro-Québec plans to invest in Romania
Hydro-Québec is a Canadian company producing and distributing electricity and one of the largest energy producers in the world.
Chevron vs Ecuador: international arbitration and corporate impunity
The infamous story of the environmental pollution of the Ecuadorian Amazon by Chevron-Texaco – which has come to be known as the "Ecuadorian Chernobyl" - is entering a new phase.
Egypt - British Petroceltic files arbitration case against EGPC
British Petroceltic announced filing an arbitration case against the Egyptian General Petroleum Corporation (EGPC) at the World Bank Group’s ICSID.
Berlin court orders Yukos ex-shareholders to pay Russia 188,000 euros in legal costs
A Berlin court has ordered former shareholders of Hally’s Parsons Green, linked to now defunct oil company Yukos, to compensate Russia its legal costs to the tune of 188,000 euros.
Venezuela’s Guaido to appeal $8.75 billion ConocoPhillips award
Venezuela’s opposition leader and self-proclaimed president Juan Guaido plans to appeal a $8.75 billion award issued to ConocoPhillips by the World Bank’s arbitration tribunal last week.
NextEra Energy wins dispute against Spain
The ICSID ruled against Spain in a case brought by NextEra Energy Inc regarding the US utility’s lost investments in two 49.9-MW concentrated solar power plants.
Oil & gas: Is Italy doing it wrong all over again?
The ongoing Rockhopper case may become a benchmark for future cases on the horizon, following Italy’s decision to crack down on hydrocarbon explorations and extractions.