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Recently, a US District Court trashed a Dutch company s arbitral award against Spain. Why? Because investor-state arbitration within the EU violates European law. Yet, many tribunals keep issuing arbitral awards - especially under the infamous Energy Charta Treaty. Challenging those awards in domestic courts outside the EU, like here in Washington D.C., might work as corrective to the continuing illegal assumption of jurisdiction and blatant disregard for the EU Treaties by arbitral tribunals. ....
In early October 2022, Spain’s Minister for Energy and Ecological Transition announced the country’s intention to withdraw from the Energy Charter… ....
The tribunal in Green Power v. Kingdom of Spain declined jurisdiction, finding that the parties had not validly consented to arbitration under the Energy Charter Treaty. . ....
Norton Rose Fulbright LLP (via Public) / Important developments in the application of the Energy Charter Treaty within the EU publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.
- In a busy autumn on investment arbitration, the Court of Justice of the European Union (“CJEU” or the “Court”) was invited to rule on a very interesting ....