On March 3, 2021 the Advocate General issued its opinion in the proceedings before the Court of Justice of the EU (“CJEU”) under case file no. C-741/19[1] (“Opinion”) in favour of the CJEU’s jurisdiction over a request for preliminary ruling to interpret the Energy Charter Treaty (“ECT”) in a case concerning two non-EU parties. Furthermore, the Advocate General presented its view that the offer to arbitrate in the ECT should be considered incompatible with EU…
The Energy Charter Treaty (“ECT”) is a multi-national agreement that entered into force in 1998. It is designed…
The Italian government has recently declared its withdrawal from the Energy Charter Treaty (“ECT”). The ECT is a…
Investment in renewable energies is a vital part of the global strategy to address climate change. Many States provide strong support and incentives to encourage investments and accelerate the growth of this sector. Other States, such as Spain, Italy and the Czech Republic, have withdrawn incentives or subsidies that were offered. Such regulatory changes have had a detrimental impact on the development and growth of renewable energy. There may be minimal, or indeed no scope,…
In Micula v. Romania,[1] a D.C. district court judge recently enforced an investor-state arbitration award in a case…
The reform of the renewable energy industry in Spain has resulted in more than ten arbitration procedures filed…
Blasket Renewable Investments v. Kingdom of Spain, No. 1:21-cv-3249-RJL (D.D.C. Mar. 29, 2023).[1] Factual Background In 2007, two Dutch companies, AES Solar Energy Coöperatief U.A. and Ampere Equity Fund B.V. (collectively, the “Companies”), invested in renewable energy projects in order to take advantage of favorable tax incentives offered by the Kingdom of Spain (“Spain”). However, in the wake of the 2008 financial crisis, Spain implemented reforms in its energy sector that had the effect of…
We are pleased to announce that the latest edition of the Baker McKenzie International Arbitration Yearbook is now…
A. LEGISLATION AND RULES A.1 Legislation International arbitration in Colombia continues to be governed by section 3 of…
A. LEGISLATION AND RULES A.1 Legislation International arbitration in Kyrgyzstan continues to be governed by the Law on Arbitration Courts (“Law”), as enacted on 30 July 2002. The Law is mostly based on the UNCITRAL Model Law. Provisions of the Law were challenged several times based on arguments that the Law and the main principles of arbitration proceedings contradicted Kyrgyzstan’s constitution. However, the constitutional court and the constitutional chamber of the Supreme Court consistently rejected…