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Ten photovoltaic energy producers sue Romania at ICSID Washington for reducing subvention scheme in renewable energy
Ten photovoltaic energy producers filed a request for arbitration proceedings against the Romanian government at World Bank’s International Centre for Settlement of Investment Disputes.
One Treaty to rule them all
The ever-expanding Energy Charter Treaty and the power it gives corporations to halt the energy transition.
The fossil fuel industry’s secret weapon: the Energy Charter Treaty
New report exposes how the little-known Energy Charter Treaty gives corporations the power to halt the energy transition. And how it is being expanded, threatening to bind yet more countries to corporate-friendly energy policies.
International arbitration treaty may be a trap for Pakistan
Pakistan may be at the risk of new investment arbitration lawsuits if it formally signs an international Energy Charter Treaty (ECT) under which powerful investors have already sued other states for $35 billion at various global tribunals.
Swedish court overturns claims of Yukos’ shareholders against Russia - lawyer
A Swedish appeals court reversed the ruling of the Stockholm arbitration tribunal in the legal action filed by Spanish shareholders of Russian oil and gas company Yukos against Moscow.
Did Canada buy an oil pipeline in fear of being sued by China?
The logic to Trudeau’s action may lie in an obscure and overlooked 2014 agreement to ensure China got a pipeline built
Kazakhstan says Belgian court lifts $21.5 billion asset freeze
A Belgian court has lifted a freeze on about $21.5 billion (16.2 billion pounds) in Kazakhstan’s National fund assets imposed after a dispute with a Moldovan businessman, the Kazakh justice ministry said.
Kazakhstan tries to get back $22B in frozen assets
The amount of the frozen assets, when compared to the US$520 million court award, is pretty hefty, unprecedented.
Stati parties move to attach Republic of Kazakhstan assets after US court grants enforcement of US$520 million award
The Stati Parties have requested to enforce the award issued in their favor including by attaching Kazakh state commercial assets in the United States.
German government approves nuclear phaseout compensation
The German cabinet has confirmed that two utilities operating in Germany are entitled to compensation for losses stemming from the country’s nuclear phaseout. The move is in line with an earlier top court ruling.
Hague court hears Naftogaz case against Russia
Ukraine is seeking damages from Russia following the expropriation of assets in the Crimea in 2014.
Spain loses its third millionaire arbitration award for the reduction of renewables
ICSID imposes a fine of 64.5 million euros for a claim by a fund of the state of Abu Dhabi.
Conoco aims to seize oil cargoes near Citgo’s Aruba terminal
US oil company ConocoPhillips has brought new court actions to seize two cargoes of crude and fuel near a terminal operated by PDVSA subsidiary Citgo Petroleum in Aruba.
Conoco authorized to seize $636 million in Venezuela PDVSA assets
The legal action was the latest in the Caribbean to enforce a $2 billion arbitration award by the International Chamber of Commerce (ICC) over the nationalization.
Germany says Vattenfall has no grounds to seek arbitration over nuclear phase-out
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.
Conoco moves to take over Venezuelan PDVSA’s Caribbean assets - sources
US oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country.
US firm Carlyle intends to file suit against morocco over USD 400 Million debt in SAMIR
The US-based private equity firm Carlyle, is suing the Moroccan government for over USD 400 million in the ICSID, claiming the sum is equivalent to the profit lost when Morocco’s sole refinery went bankrupt three years ago.
Cruising around investment cases against the Caribbean islands
Since 1973, the sovereign islands of the Caribbean Sea, have concluded over 140 international investment agreements. The ICSID Convention is in force in all islands except Antigua & Barbuda, Cuba, Dominica, and the Dominican Republic.
PDVSA ordered to pay Conoco $2 billion after Venezuela oil nationalization: arbitration
In a separate arbitration claim from the ICSID case, the International Chamber of Commerce has ordered Venezuela’s state-run oil company PDVSA to pay ConocoPhillips $2.04 billion for early dissolution of two joint ventures for producing oil.
Invenergy files international arbitration suit against Poland over wind projects
The Invenergy group has submitted a notice of arbitration against Poland citing violations of Invenergy’s rights as a foreign investor and clear breaches of Poland’s obligations under the United States-Poland bilateral investment treaty.