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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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There are 150 result(s)

 ICW Europe Investments Limited v. Czech Republic, PCA Case No. 2014-22 
  • > Claimant : ICW Europe Investments Limited
  • > Nationality : UK
  • > 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 (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: UK-Czech Republic BIT
  • > Amount claimed: CZK 62.1 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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 Photovoltaik Knopf Betriebs GmbH v. Czech Republic, PCA Case No. 2014-21 
  • > Claimant : Photovoltaik Knopf Betriebs 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 (6)
  • , Article 21 (7)
  • , Article 21 (5)
  • , Article 10 (1)
  • , 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 61.3 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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 WA Investments-Europa Nova Limited v. Czech Republic, PCA Case No. 2014-19 
  • > Claimant : WA Investments-Europa Nova Limited
  • > Nationality : Cyprus
  • > 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 (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: Cyprus-Czech Republic BIT
  • > Amount claimed: CZK 68 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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 Natland Investment Group N.V., Natland Group Limited, G.I.H.G. Limited and Radiance Energy Holding S.à.r.l v. Czech Republic, PCA Case 2013-35 
  • > Claimant : Natland Investment Group N.V.; Natland Group Limited; G.I.H.G. Limited; Radiance Energy Holding S.à.r.l
  • > Nationality : Netherlands, Cyprus, Cyprus, Luxembourg
  • > Respondent : Czech Republic
  • > Procedural rules applied : UNCITRAL (PCA)
  • > Chair : Alfredo Bullard (Veijo Heiskanen replaced)
  • Veijo Heiskanen
  • > Arbitrator appointed by Claimant : John Beechey (Gary Born and Doak Bishop replaced)
  • Gary Born (Doak Bishop replaced)
  • > Arbitrator appointed by Respondent : Christopher Thomas
  • > Invoked instruments : ECT and BIT
  • > Case status : Pending
  • > Year of registration : 2013

  • > Subject matter of the dispute: Legal reforms affecting the renewable energy sector
  • > BIT invoked: Belgium-Luxembourg Economic Union-Czech Republic BIT, Netherlands-Czech Republic BIT, Cyprus-Czech Republic BIT
  • > Amount claimed: estim. EUR 50-70 million
  • > Amount awarded: N/A
  • > Costs of arbitration: N/A
  • > Award legal costs: N/A
  • > Award costs of arbitration: N/A

 

ARBITRAL DECISION 

20 December 2017 - Partial Award on Jurisdiction and Liability

ANNULLMENT PROCEEDINGS (Partial Award on Jurisdiction and Liability)

7 February 2020

Decision of the Federal Supreme Court of Switzerland (French)


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 ČEZ v. Albania, UNCITRAL 
  • > Claimant : ČEZ
  • > Nationality : Czech Republic
  • > Respondent : Albania
  • > Procedural rules applied : UNCITRAL (ad hoc)
  • > Chair : Jan Paulsson
  • > Arbitrator appointed by Claimant : Christopher Thomas
  • > Arbitrator appointed by Respondent : Emmanuel Gaillard
  • > Invoked instruments : ECT
  • > Case status : Settlement agreed
  • > Year of the award or agreement : 2014
  • > Year of registration : 2013

  • > Subject matter of the dispute: Albanian regulator´s decision to revoke the license of CËZ Shperndje, a power distribution company in which the claimant had invested, after a tariff-related dispute
  • > Amount claimed: N/A
  • > Amount awarded: EUR 100 million (obtained through settlement)
  • > Costs of arbitration: N/A
  • > Award legal costs: N/A
  • > Award costs of arbitration: N/A


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 Federal Elektrik Yatırım ve Ticaret A.Ş. and others v. Uzbekistan, ICSID Case No. ARB/13/9  
  • > Claimant : Federal Elektrik Yatırım ve Ticaret A.Ş.; Asım Kayan; Mustafa Nurdoğan; İrfan Nurdoğan
  • > Nationality : Turkey, Turkey, Turkey, Turkey
  • > Respondent : Uzbekistan
  • > Procedural rules applied : ICSID
  • > Chair : Laurent Lévy
  • > Arbitrator appointed by Claimant : Emmanuel Gaillard (Jan Paulsson replaced)
  • Emmanuel Gaillard
  • > Arbitrator appointed by Respondent : V. V. Veeder
  • > Invoked instruments : ECT and BIT
  • > Case status : Settlement agreed
  • > Year of the award or agreement : 2020
  • > Year of registration : 2013

  • > Subject matter of the dispute: Claims arising out of the alleged wrongful criminal prosecution, denial of justice and expropriation of claimant's investment on the basis of tax evasion
  • > BIT invoked: Turkey-Uzbekistan 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

18 May 2020 - Order of the Secretary-General Taking Note of the Discontinuance of the Proceeding


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 CSP Equity Investment S.à.r.l. v. Spain, SCC 
  • > Claimant : CSP Equity Investment S.à.r.l.
  • > Nationality : Luxembourg
  • > Respondent : Spain
  • > Procedural rules applied : SCC
  • > Chair : Monica Feria Tinta
  • > Arbitrator appointed by Claimant : Yves Fortier
  • > Arbitrator appointed by Respondent : Brigitte Stern
  • > Invoked instruments : ECT
  • > Breaches alleged :  
  • > Case status : Award rendered
  • > Year of the award or agreement : 2021
  • > Year of registration : 2013

  • > Subject matter of the dispute: Legal reforms affecting the renewable energy sector
  • > Amount claimed: EUR 1,188,200,000
  • > Amount awarded: ZERO
  • > Costs of arbitration: EUR 1.3 million 
  • > Award legal costs: Claimant bears 75% of the respondent's costs (approx. EUR 5 million)
  • > Award costs of arbitration: Claimant bears 75% of the costs

 

 


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 EVN AG v. Bulgaria, ICSID Case No. ARB/13/17 
  • > Claimant : EVN AG
  • > Nationality : Austria
  • > Respondent : Bulgaria
  • > Procedural rules applied : ICSID
  • > Chair : V. V. Veeder
  • > Arbitrator appointed by Claimant : Daniel Price
  • > Arbitrator appointed by Respondent : Pierre-Marie Dupuy
  • > Invoked instruments : ECT and BIT
  • > Case status : Award rendered
  • > Year of registration : 2013

  • > Subject matter of the dispute: Legal reforms affecting the pricing of electricity and the renewable energy sector
  • > BIT invoked: Austria-Bulgaria BIT
  • > Amount caimed: 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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 Isolux Infrastructure Netherlands B.V. v. Spain, SCC Case V (2013/153) 
  • > Claimant : Isolux Infrastructure Netherlands B.V.
  • > Nationality : Netherlands
  • > Respondent : Spain
  • > Procedural rules applied : SCC
  • > Chair : Yves Derains
  • > Arbitrator appointed by Claimant : Guido Santiago Tawil
  • > Arbitrator appointed by Respondent : Claus von Webeser
  • > Invoked instruments : ECT
  • > Articles mentioned : Article 36 (7)
  • , Article 21 (7)
  • , Article 21 (5)
  • , Article 15 (3)
  • , Article 10 (1)
  • , Article 1 (2)
  • , Article 1 (3)
  • , Article 1 (5)
  • , Article 1 (6)
  • , Article 1 (7)
  • , Article 1 (8)
  • , Article 1 (10)
  • , Article 13
  • , Article 16
  • , Article 17
  • , Article 21
  • , Article 25
  • , Article 26
  • > Breaches alleged :  
  • > Breaches found : No breach
  • > Case status : Award rendered
  • > Year of the award or agreement : 2016
  • > Year of registration : 2013

  • > Subject matter of the dispute: Legal reforms affecting the renewable energy sector
  • > Amount claimed: EUR 68,900,000
  • > Amount awarded: ZERO
  • > Costs of arbitration: EUR 565,220.58
  • > Award legal costs: Respondent bears 30% of the claimant’s costs (EUR 1,368,606), whereas the claimant bears 70% of the respondent’s costs (EUR 785,690) 
  • > Award costs of arbitration: Claimant bears 70% of the costs

 

ARBITRAL DECISIONS

6 July 2016

Award (Spanish)

6 July 2016 

Dissenting Opinion of Prof. Dr. Guido Santiago Tawil (Spanish)

6 July 2016 - Award and Dissenting Opinion of Prof. Dr. Guido Santiago Tawil (unofficial translation)


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 RREEF Infrastructure (G.P.) Limited and RREEF Pan-European Infrastructure Two Lux S.à.r.l. v. Spain, ICSID Case No. ARB/13/30 
  • > Claimant : RREEF Infrastructure (G.P.) Limited, RREEF Pan-European Infrastructure Two Lux S.à.r.l. 
  • > Nationality : UK, Luxembourg
  • > Respondent : Spain
  • > Procedural rules applied : ICSID
  • > Chair : Alain Pellet
  • > Arbitrator appointed by Claimant : Robert Volterra
  • > Arbitrator appointed by Respondent : Pedro Nikken
  • > Invoked instruments : ECT
  • > Articles mentioned : Article 36 (7)
  • , Article 21 (7)
  • , Article 21 (1)
  • , Article 17 (1)
  • , Article 10 (8)
  • , Article 10 (4)
  • , Article 10 (1)
  • , Article 6 (1)
  • , Article 1 (2)
  • , Article 1 (3)
  • , Article 1 (6)
  • , Article 1 (7)
  • , Article 1 (10)
  • , Article 2
  • , Article 13
  • , Article 16
  • , Article 25
  • , Article 26
  • , Article 46
  • > 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 : 2019
  • > Follow-on proceedings : Pending ICSID annulment proceedings
  • > Year of registration : 2013

  • > Subject matter of the dispute: Legal reforms affecting the renewable energy sector
  • > Amount claimed: EUR 441 million
  • > Amount awarded: EUR 59.6 million
  • > Valuation method: income-based approach (discounted cash flow)
  • > Interest rate: host State's sovereign bonds (10-year)
  • > 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

6 June 2016

Decision on Jurisdiction

30 November 2018

Decision on Responsibility and on the Principles of Quantum

30 November 2018

Partially Dissenting Opinion of Professor Robert Volterra to the Decision on Responsibility and the Principles of Quantum

11 December 2019 

Award 


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