The Micula saga is characterized by the ICSID award (and its review by the ad hoc Committee) being just the beginning rather than the conclusion of the dispute.
Negotiators have ruled out an overhaul of private courts that allow energy companies to sue national governments when climate change policies hurt their profits.
Le Traité sur la charte de l’énergie, signé en 1994 par l’Europe et les pays de l’ancien bloc soviétique, donne aux investisseurs la possibilité d’attaquer les gouvernements qui modifieraient leur politique énergétique.
While the termination agreement is in many ways the culmination of a process seeking to put an end to intra-EU investor-State dispute resolution, the story is far from over.
Le traité sur la charte de l’énergie, en cours de renégociation, est trop archaïque pour être compatible avec les objectifs de lutte contre le dérèglement climatique.
The Energy Charter Treaty, which dates back to the 1990s, severely restricts Europe’s ability to change regulations in the energy sector, with many EU member states facing court actions worth billions of euros, write a group of MEPs.