(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.

UNDERSTANDING with respect to Article 29(2)(a) and Annex W

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.

UNDERSTANDING with respect to Article 29(2)(a)

(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.

On sait depuis longtemps que travailler avec du texte lisible et contenant du sens est source de distractions, et empêche de se concentrer sur la mise en page elle-même. L'avantage du Lorem Ipsum sur un texte générique comme 'Du texte. Du texte. Du texte.' est qu'il possède une distribution de lettres plus ou moins normale, et en tout cas comparable avec celle du français standard. De nombreuses suites logicielles de mise en page ou éditeurs de sites Web ont fait du Lorem Ipsum leur faux texte par défaut, et une recherche pour 'Lorem Ipsum' vous conduira vers de nombreux sites qui n'en sont encore qu'à leur phase de construction. Plusieurs versions sont apparues avec le temps, parfois par accident, souvent intentionnellement (histoire d'y rajouter de petits clins d'oeil, voire des phrases embarassantes).

Lotus Holding Anonim Şirketi v. Turkmenistan, ICSID Case No. ARB/17/30

>Claimant : Lotus Holding Anonim Şirketi
>Nationality : Turkey
>Respondent : Turkmenistan
>Procedural rules applied : ICSID
>Chair : Vaughan Lowe
>Arbitrator appointed by Claimant : James Boykin
>Arbitrator appointed by Respondent : Brigitte Stern
>Invoked instruments : ECT and BIT
>Articles mentioned : Article 26 (1)
, Article 26 (2)
, Article 1 (6)
, Article 1
, Article 26
>Breaches alleged :
- (10.1) Fair and equitable treatment
> Breaches alleged :
- (13.1) Expropriation
>Breaches found : Manifest lack of legal merit - Rule 41(5) ICSID Arbitration Rules
>Case status : Award rendered
>Year of registration : 2017

>Subject matter of the dispute: Claims arising out of the Government’s alleged failure to make a retention payment for the construction of two 254-megawatt electric power plants, and of unlawfully terminating the agreement relating to the refinery
>BIT Invoked: Turkey-Turkmenistan BIT
>Amount claimed: at least EUR 51,702,697.9 + USD 15,650,000
>Amount awarded: ZERO
>Costs of arbitration: USD 251,780.56
>Award legal costs: Respondent was awarded USD 857,210.7 (90% of legal costs)
>Award costs of arbitration: Costs follow the award

ARBITRAL DECISION

6 April 2020