- Dispute Resolution
- Competition Law / International Trade
The Modernized Energy Charter Treaty and Its Provisional Application
– and what it means for Japanese and foreign investors –
On 3 December 2024, after an intense, five-year reform process, the Energy Charter Conference adopted amendments to modernize the Energy Charter Treaty (“ECT”). The treaty, originally adopted in 1994, has long been one of the most frequently relied upon international investment agreements (“IIAs”) in investor-state dispute settlement (“ISDS”) involving energy sector investments. In recent years, a surge of ECT claims against government measures in the renewable energy industry has attracted considerable attention, several of which involved Japanese investors. The question is whether, with the amendments, things are set to change. The modernized ECT seems to aim to address concerns surrounding the continued protection of fossil fuel investments, states’ rights to regulate, and the EU and its Member States’ decision to abolish intra-EU ISDS....To read the full article, please see the PDF file
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Dispute Resolution & Competition Law/International Trade Newsletter
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Lars’ practice is focused on commercial and investment arbitration. He has particular expertise in contentious proceedings involving post-M&A, commercial, manufacturing, construction, and distribution matters, in areas such as life sciences, automotive, and energy. Lars also deals with cases involving governments, and has advised foreign investors and sovereign states on issues of foreign direct investment and public international law, including related negotiations and investor-state disputes. He has been involved in more than 60 international arbitrations as counsel and as arbitrator under the arbitration rules of institutions such as the ICC, DIS, SAC, NAI, ICDR, KCAB, JCAA, SIAC, and ICSID, as well as under the UNCITRAL Rules.