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Modernising the Energy Charter Treaty: An Opportunity to Enhance Legal Certainty in Investor-State Dispute Settlement

机译:现代化《能源宪章条约》:增加投资者与国家之间争端解决的法律确定性的机会

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摘要

The Energy Charter Treaty is a multilateral trade and investment agreement that is currently the most often-invoked investment agreement worldwide. A review of the case law under the treaty shows that its provisions have been interpreted and applied inconsistently by arbitral tribunals and domestic courts. Considering the financial and reputational consequences of investment arbitration for both the investor and the State, a lack of 'legal certainty' adversely affects all parties involved. This article identifies various inconsistencies, some of the causes, and proposes solutions that could enhance legal certainty in investor-State dispute settlement under the treaty. This is a timely contribution as the Energy Charter Conference has recently taken the first steps to modernise the treaty by approving a list of topics for reform, and is now considering tools to implement future reform measures.
机译:《能源宪章条约》是一项多边贸易和投资协议,是目前世界上最常被调用的投资协议。对该条约下的判例法进行的审查表明,仲裁庭和国内法院对判例法的解释和适用不一致。考虑到投资仲裁对投资者和国家的财务和声誉影响,缺乏“法律确定性”会对所有参与方产生不利影响。本文指出了各种不一致之处和某些原因,并提出了可以增强该条约规定的投资者与国家间争端解决的法律确定性的解决方案。这是及时的贡献,因为能源宪章会议最近通过批准改革主题清单,迈出了使条约现代化的第一步,并且正在考虑实施未来改革措施的工具。

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