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  3. Part VI: Transitional Provisions
  4. Article 29: Interim Provisions on Trade-Related Matters
  5. 29(2)

(a) Trade in Energy Materials and Products and Energy-Related Equipment between Contracting Parties at least one of which is not a member of the WTO shall be governed, subject to subparagraph (b) and to the exceptions and rules provided for in Annex W, by the provisions of the WTO Agreement, as applied and practised with regard to Energy Materials and Products and Energy-Related Equipment by members of the WTO among themselves, as if all Contracting Parties were members of the WTO.

(b) Such trade of a Contracting Party which is a state that was a constituent part of the former Union of Soviet Socialist Republics may instead be governed, subject to the provisions of Annex TFU, by an agreement between two or more such states, until 1 December 1999 or the admission of that Contracting Party to the WTO, whichever is the earlier.

Notwithstanding the listing of paragraph 6 of article XXIV of the GATT 1994 in Annex W (A)(1)(a)(i), any signatory affected by an increase in customs duties or other charges of any kind imposed on or in connection with importation or exportation referred to in the first sentence of that paragraph, is entitled to seek consultations in the Charter Conference.

(a) Where a provision of [WTO]1 referred to in this paragraph provides for joint action by [Members of the WTO]2, it is intended that the Charter Conference take such action.3

 

1Editor's note: original "GATT 1947 or a Related Instrument", adapted by editors.

2Editor's note: original "parties to the GATT", adapted by editors.

3Editor's note: part (b) of the Understanding became irrelevant following the entry into force of the Amendment to the Trade-Realted Provisions of the Energy Charter Treaty.

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CEF Energia B.V. v. Italy, SCC Case No. 158/2015


  • >Subject matter of the dispute: Legal reforms affecting the renewable energy sector
  • >Amount claimed: EUR 10.3 million
  • >Amount awarded: EUR 9.6 million
  • >Valuation method: income-based approach (discounted cash flow)
  • >Interest rate: LIBOR (12-month) + 2%
  • >Costs of arbitration: EUR 589 276.07
  • >Award legal costs: Claimant was awarded EUR 900,000
  • >Award costs of arbitration: Respondent bears its own share of costs of arbitration and EUR 100,000 of the the claimant's share

 

ARBITRAL DECISION

16 January 2019

Award

 

ANNULLMENT PROCEEDINGS

28 March 2019 - Decision of the Svea Court of Appeal (unofficial translation)

24 April 2019 - Decision of the Svea Court of Appeal (unofficial translation)