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As of 1 June 2022, the Secretariat is aware of 150 investment arbitration cases instituted under the Energy Charter Treaty (sometimes invoked together with a bilateral investment treaty). A full list with information is available here

Since parties to investment arbitration under Article 26 ECT are not obliged to notify the Secretariat of the existence or substance of their dispute, some awards (and even the existence of some proceedings) remain confidential. The Secretariat compiles information (which cannot be considered as exhaustive) from delegates and public sources (including specialized reporting services such as Global Arbitration Review (GAR), Investment Arbitration Reporter (IAReporter) and ItaLaw). The Secretariat assumes no responsibility for eventual errors or omissions in these data and welcomes any additional information or clarification on specific cases (at legalaffairs@encharter.org or using the online contact form). Some case reports prepared by TDM/IACL can be found here. 

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 Türkiye Petrolleri Anonim Ortakligi v. Kazakhstan, ICSID Case No. ARB/11/2 
  • > Claimant : Türkiye Petrolleri Anonim Ortakligi
  • > Nationality : Turkey
  • > Respondent : Kazakhstan
  • > Procedural rules applied : ICSID
  • > Chair : Donald McRae
  • > Arbitrator appointed by Claimant : Charles Brower
  • > Arbitrator appointed by Respondent : Brigitte Stern
  • > Invoked instruments : ECT and BIT
  • > Case status : Settlement agreed
  • > Year of the award or agreement : 2014
  • > Year of registration : 2011

  • > Subject matter of the dispute: Government's measures allegedly affecting claimant's investment in an oil exploration and production joint venture which held exploration and production activities in seven oil fields 
  • > BIT invoked: Kazakstan-Turkey BIT
  • > Amount claimed: N/A
  • > Amount awarded: N/A 
  • > Costs of arbitration: N/A
  • > Award legal costs: N/A
  • > Award costs of arbitration: N/A  


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 Mamidoil Jetoil Greek Petroleum Products Societe Anonyme S.A. v. Albania, ICSID Case No. ARB/11/24 
  • > Claimant : Mamidoil Jetoil Greek Petroleum Products, Societe Anonyme S.A.
  • > Nationality : Greece
  • > Respondent : Albania
  • > Procedural rules applied : ICSID
  • > Chair : Rolf Kniepper
  • > Arbitrator appointed by Claimant : Steven Hammond
  • > Arbitrator appointed by Respondent : Yas Banifatemi
  • > Invoked instruments : ECT and BIT
  • > Articles mentioned : Article 26 (8)
  • , Article 13 (1)
  • , Article 10 (1)
  • , Article 1 (6)
  • , Article 26
  • > Breaches alleged :  
  • > Breaches found : No breach
  • > Case status : Award rendered
  • > Year of the award or agreement : 2015
  • > Follow-on proceedings : ICSID annulment proceeding discontinued
  • > Year of registration : 2011

  • > Subject matter of the dispute: Government's decision affecting a 20 year lease contract and Privatization to build an oil container terminal in the Durres Port 
  • > BIT Invoked: Albania-Greece BIT
  • > Amount claimed: USD 23,090,000
  • > Amount awarded: ZERO
  • > Costs of arbitration: USD 844,990.46
  • > Award legal costs: Each party bears the costs of the arbitrator it has appointed, whereas the costs related to the chair and other costs are shared equally
  • > Award costs of arbitration: Each party bears its own costs 

 

ARBITRAL DECISIONS

 

30 March 2015 

Award

 

20 March 2015

Dissenting Opinion of Steven A. Hammond


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 The PV Investors v. Spain, PCA Case No. 2012-14 
  • > Claimant : Mercurio Solar S.à.r.l.; Tyche Solar S.à.r.l.; Ampere Equity Fund B.V.; Element Power Holdings B.V.; MEIF Luxembourg Renewables S.à.r.l.; Impax Solar Investment S.à.r.l.; Impax New Energy Investors S.C.A.; WOC Photovoltaik Portfolio GmbH &Co. KG; NIBC European Infrastructure Fund I C.V.; Equitix Innova Infrastructure Investments Holding I B.V.; Alesund, Christiansund S.à.r.l. & Cie S.C.A.; Shulaya, Trier SG S.à.r.l. & Cie S.C.A.; ASE C.V.; AES Solar Energy Coöperatief U.A.; Silver Ridge Power Holdings B.V.; Silver Ridge Power B.V.; Vela Energy Power España I B.V.; Vela Energy Power España II B.V.; Eoxis B.V.; Eoxis Holding S.A.; MPC Solarpark GmbH & Co. KG; Ceconat Energy GmbH; REI Renewable Energy International, S.à.r.l.; Roland Schumann; InfraClass Energie 4 GmbH & Co. KG; ESPF Beteiligungs GmbH; La Solana 1-60 S.L. (60 entities); AES Solar España Finance S.L.; AES Solar España I B.V. y CIA S.C.
  • > Nationality : Luxembourg, Netherlands, Germany, Spain
  • > Respondent : Spain
  • > Procedural rules applied : UNCITRAL (PCA)
  • > Chair : Gabrielle Kaufmann-Kohler
  • > Arbitrator appointed by Claimant : Charles Brower
  • > Arbitrator appointed by Respondent : Bernardo Sepúlveda-Amor
  • > Invoked instruments : ECT
  • > Articles mentioned : Article 26 (1)
  • , Article 26 (2)
  • , Article 26 (3)
  • , Article 26 (4)
  • , Article 26 (6)
  • , Article 26 (7)
  • , Article 26 (8)
  • , Article 13 (1)
  • , Article 10 (7)
  • , Article 10 (4)
  • , Article 10 (1)
  • , Article 1 (2)
  • , Article 1 (3)
  • , Article 1 (6)
  • , Article 1 (7)
  • , Article 1 (10)
  • , Article 2
  • , Article 10
  • , Article 12
  • , Article 13
  • , Article 16
  • , Article 21
  • , Article 22
  • , Article 26
  • , Article 27
  • > Breaches alleged :  
  • > Breaches found : (10.1) Fair and equitable treatment
  • > Case status : Award rendered but investors renounced their right to collect damages
  • > Year of the award or agreement : 2020
  • > Year of registration : 2011

  • > Subject matter of the dispute: Legal reforms affecting the renewable energy sector
  • > Amount claimed: EUR 1.16 billion
  • > Amount awarded: EUR 91.1 million
  • > Valuation method: income-based approach (discounted cash flow)
  • > Interest rate: host State's sovereign bonds (10-year)
  • > Costs of arbitration: EUR 442,152.22 (jurisdiction) and EUR 2,467,847.78 (pre-jurisdiction and merits)  
  • > Award legal costs: Each party bears its own legal costs
  • > Award costs of arbitration: Parties share costs equally 

 

ARBITRAL DECISIONS

13 October 2014

Preliminary Award on Jurisdiction 

28 February 2020 

Final Award 

28 February 2020 

Concurring and Dissenting Opinion of Charles N. Brower

 

ANNULMENT PROCEEDINGS

23 February 2021

Decision of the Swiss Federal Court (French)


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 Slovak Gas Holding B.V., GDF International SAS, E.ON Ruhrgas International GmbH v. Slovak Republic, ICSID Case No. ARB/12/7 
  • > Claimant : Slovak Gas Holding B.V.; GDF International SAS; E.ON Ruhrgas International GmbH
  • > Nationality : Netherlands, France, Germany
  • > Respondent : Slovak Republic
  • > Procedural rules applied : ICSID
  • > Chair : Toby Landau
  • > Arbitrator appointed by Claimant : Zachary Douglas
  • > Arbitrator appointed by Respondent : Christopher Thomas
  • > Invoked instruments : ECT
  • > Case status : Settlement agreed
  • > Year of the award or agreement : 2013
  • > Year of registration : 2012

  • > Subject matter of the dispute: Legal reforms affecting price regulation in the gas sector that were allegedly in contravention of certain shareholder's agreement concluded between the claimants and Slovakia
  • > Amount claimed: N/A
  • > Amount awarded: N/A 
  • > Costs of arbitration : N/A
  • > Award legal costs: Each party bears its own legal costs 
  • > Award costs of arbitration: Parties share costs equally

 

ARBITRAL DECISION

14 December 2012

Arbitral Award


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 Charanne B.V. and Constructions Investments S.à.r.l v. Spain, SCC Case No. V (062/2012) 

  • > Subject matter of the dispute: Legal reforms affecting the renewable energy sector
  • > Amount claimed: EUR 17.831 million
  • > Amount awarded: ZERO
  • > Costs of arbitration: EUR 269,208.29 and USD 10,310
  • > Award legal costs: Respondent was awarded EUR 1,176,181.31
  • > Award costs of arbitration: Parties share costs equally

 

ARBITRAL DECISIONS

21 January 2016

Final Award (Spanish)

21 December 2015

Dissenting Opinion of Prof. Guido Santiago Tawil (Spanish)

21 January 2016 - Final Award and Dissenting Opinion of Prof. Guido Santiago Tawil (unofficial translation by Mena Chambers)


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 Vattenfall AB and others v. Germany, ICSID Case No. ARB/12/12 
  • > Claimant : Vattenfall AB; Vattenfall GmbH; Vattenfall Europe Nuclear Energy GmbH; Kernkraftwerk Krümmel GmbH & Co. oHG; Kernkraftwerk Brunsbüttel GmbH & Co. oHG
  • > Nationality : Sweden, Germany, Germany, Germany, Germany
  • > Respondent : Germany
  • > Procedural rules applied : ICSID
  • > Chair : Albert Jan van den Berg
  • > Arbitrator appointed by Claimant : Charles N. Brower (Daniel Price replaced)
  • > Arbitrator appointed by Respondent : Vaughan Lowe
  • > Invoked instruments : ECT
  • > Case status : Settlement agreed
  • > Year of the award or agreement : 2021
  • > Year of registration : 2012

  • > Subject matter of the dispute: Thirteenth Amendment of Atomic Energy Act regarding the phase-out of nuclear power plants in Germany by 2022
  • > Amount claimed: EUR 4.3 billion
  • > Amount awarded: ZERO
  • > Costs of arbitration: N/A
  • > Award legal costs: Each party bears its own legal costs 
  • > Award costs of arbitration: Parties share costs equally

 

ARBITRAL DECISIONS

31 August 2018 

Decision on the Achmea Issue 

2 July 2013 - Decision pursuant to ICSID Arbitration Rule 41(5)

9 November 2021 - Order of the Tribunal taking Note of the Discontinuance of the Proceeding

 

 

 


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 State Enterprise Energorynok v. Moldova, SCC Case No. V (2012/175) 
  • > Claimant : State Enterprise Energorynok
  • > Nationality : Ukraine
  • > Respondent : Moldova
  • > Procedural rules applied : SCC
  • > Chair : Nancy Turck
  • > Arbitrator appointed by Claimant : Joseph Tirado
  • > Arbitrator appointed by Respondent : Rolf Knieper
  • > Invoked instruments : ECT
  • > Articles mentioned : Article 10 (12)
  • , Article 10 (1)
  • , Article 1 (5)
  • , Article 1 (6)
  • , Article 1 (7)
  • , Article 13
  • , Article 26
  • > Breaches alleged :  
  • > Breaches found : No jurisdiction under ECT
  • > Case status : Award rendered
  • > Year of the award or agreement : 2015
  • > Year of registration : 2012

  • > Subject matter of the dispute: Government's alleged responsibility for its judiciary in claimant's collection of a debt against a company owned by Moldova's Ministry of Energy concerning electricity supply
  • > Amount claimed: USD 1,745,754.84 
  • > Amount awarded: ZERO
  • > Costs of arbitration: EUR 134,806.89 + SEK 212,717.13
  • > Award legal costs: Each party bears its own legal costs 
  • > Award costs of arbitration: Parties share costs equally

 

ARBITRAL DECISION

29 January 2015 

Arbitral Award


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 Yukos Capital S.à.r.l v. Russian Federation, PCA Case No. 2013-31 
  • > Claimant : Yukos Capital SARL
  • > Nationality : Luxembourg
  • > Respondent : Russian Federation
  • > Procedural rules applied : UNCITRAL (PCA)
  • > Chair : Campbell McLachlan
  • > Arbitrator appointed by Claimant : William Rowley
  • > Arbitrator appointed by Respondent : Brigitte Stern
  • > Invoked instruments : ECT
  • > Articles mentioned : Article 45 (6)
  • , Article 45 (3)
  • , Article 45 (2)
  • , Article 45 (1)
  • , Article 26 (2)
  • , Article 26 (3)
  • , Article 26 (4)
  • , Article 26 (6)
  • , Article 26 (8)
  • , Article 17 (1)
  • , Article 13 (1)
  • , Article 13 (2)
  • , Article 10 (7)
  • , Article 1 (2)
  • , Article 1 (5)
  • , Article 1 (6)
  • , Article 1 (7)
  • , Article 1 (8)
  • , Article 1 (9)
  • , Article 1 (10)
  • , Article 1
  • , Article 2
  • , Article 13
  • , Article 17
  • , Article 26
  • , Article 32
  • , Article 38
  • , Article 39
  • , Article 44
  • , Article 45
  • , Article 46
  • > Breaches alleged :  
  • > Breaches found : (13.1) Expropriation
  • > Case status : Award rendered
  • > Year of the award or agreement : 2021
  • > Follow-on proceedings : Pending national court decision on annulment
  • > Year of registration : 2013

  • > Subject matter of the dispute: Claims arising out of the Government’s alleged illegal expropriation of claimant’s investments in Yukos Oil Company
  • > Amount claimed: USD 2,697,000,000 (loan principal) + contractual interest under loan agreement
  • > Amount awarded: USD 2,630,706,272.17 + contractual interest under loan agreement
  • > Valuation method: actual investment (loan principal + contractual interest under loan agreement)
  • > Interest rate: RUB commmercial lending rate (3-month) + 1%; LIBOR (6-month) + 1%
  • > Costs of arbitration: EUR 3,115,016.84
  • > Award legal costs: Claimant was awarded USD 20,552,462.46
  • > Award costs of arbitration: Costs follow the award

 

ARBITRAL DECISIONS

15 February 2013

Notice of Arbitration

18 January 2017

Interim Award on Jurisdiction

22 December 2016

Dissenting Opinion of Professor Briggete Stern

23 July 2021

Final Award (incl. Dissenting Opinion of J. Rowley QC and Dissenting Opinion of Professor Brigitte Stern)

ANNULMENT PROCEEDINGS (INTERIM AWARD ON JURISDICTION)

20 July 2017

Judgment of Swiss Federal Tribunal


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 Antaris Solar GmbH and Dr. Michael Göde v. Czech Republic, PCA Case No. 2014-01 
  • > Claimant : Antaris Solar GmbH, Dr. Michael Göde
  • > Nationality : Germany, Germany
  • > Respondent : Czech Republic
  • > Procedural rules applied : UNCITRAL (PCA)
  • > Chair : Lawrence Collins
  • > Arbitrator appointed by Claimant : Gary Born (Doak Bishop replaced)
  • > Arbitrator appointed by Respondent : Peter Tomka
  • > Invoked instruments : ECT
  • > Articles mentioned : Article 21 (7)
  • , Article 10 (1)
  • , Article 26
  • > Breaches found : No breach
  • > Case status : Award rendered
  • > Year of the award or agreement : 2018
  • > Year of registration : 2013

  • > Subject matter of the dispute: Legal reforms affecting the renewable energy sector
  • > BIT invoked: Germany-Czech Republic BIT 
  • > Amount claimed: CZK 306.53 million
  • > Amount awarded: ZERO
  • > Costs of arbitration: redacted
  • > Award legal costs: Respondent was awarded USD 1.75 million
  • > Award costs of arbitration: Claimants bear 2/3 of the costs

 

ARBITRAL DECISIONS

2 May 2018

Award

2 May 2018 

Dissenting Opinion of Mr Gary Born 

2 May 2018

Declaration of Judge Tomka


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 Voltaic Network GmbH v. Czech Republic, PCA Case No. 2014-20 
  • > Claimant : Voltaic Network GmbH
  • > Nationality : Germany
  • > Respondent : Czech Republic
  • > Procedural rules applied : UNCITRAL (PCA)
  • > Chair : Hans van Houtte
  • > Arbitrator appointed by Claimant : John Beechey (Gary Born and Doak Bishop replaced)
  • > Arbitrator appointed by Respondent : Toby Landau
  • > Invoked instruments : ECT and BIT
  • > Articles mentioned : Article 26 (1)
  • , Article 26 (6)
  • , Article 21 (7)
  • , Article 21 (5)
  • , Article 10 (1)
  • , Article 1 (6)
  • , Article 2
  • , Article 16
  • , Article 21
  • , Article 26
  • > Breaches alleged :  
  • > Breaches found : No breach
  • > Case status : Award rendered
  • > Year of the award or agreement : 2019
  • > Year of registration : 2013

  • > Subject matter of the dispute: Legal reforms affecting the renewable energy sector
  • > BIT invoked: Germany-Czech Republic BIT
  • > Amount claimed: CZK 320.07 million
  • > Amount awarded: ZERO
  • > Costs of arbitration: N/A
  • > Award legal costs: Each party bears its own legal costs
  • > Award costs of arbitration: Claimant bears 75% of the costs

 

ARBITRAL DECISION

15 May 2019 

Award


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