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The sun never sets: provisional application and the Energy Charter Treaty - Chapter 10 - Energy Dispute Resolution: Investment Protection, Transit and the Energy Charter Treaty

Author(s): 
Alexandre de Gramont
Emily M. Alban
Page Count: 
38 pages
Media Description: 
PDF from "Energy Dispute Resolution: Investment Protection, Transit and the Energy Charter Treaty"
Published: 
June, 2011
Jurisdictions: 
International
Practice Areas: 
Contents of Arbitration Agreement,
Court Decisions,
ECT
Author Detail: 

Alexandre de Gramont is a partner in the International Dispute Resolution (IDR) Group of Crowell & Moring LLP. Resident in the Washington, D.C. office, Mr. de Gramont focuses his practice on international arbitration, including both investorstate arbitration and commercial arbitration matters. He is one of the founding partners of the firm’s IDR Group, and has written and spoken widely on international arbitration issues.

Emily Alban joined Crowell & Moring LLP Washington, D.C. office in 2007, where she practices in the International Dispute Resolution group. Emily’s international arbitration practice involves participation in arbitrations before the International Centre for Dispute Resolution (ICDR), the International Centre for the Settlement of Investment Disputes (ICSID), and litigation before United States federal courts. Prior to joining Crowell & Moring, Emily clerked for Justice Nathan Hecht of the Supreme Court of Texas.

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Description: 

Originally from Energy Dispute Resolution: Investment Protection, Transit and the Energy Charter Treaty

The Energy Charter Treaty is unusual – indeed, unique – in many respects. It is one of the relatively few multilateral investment treaties in the world, and the only one devoted to a specific economic sector. The fact that the sector is energy gives the treaty enormous geopolitical as well as economic importance. The original purpose of the ECT was to foster post-Cold War cooperation between former Soviet states that “needed major investments in their energy rich resources and the states of western Europe who had a strategic interest in diversifying their sources of energy.”1 But its geographic scope has expanded significantly. More than a quarter of the world’s nations (over 50 states) have now signed the ECT, including nations as politically and geographically diverse as Albania, Australia, Cyprus, Iceland, Ireland, Italy, Japan, Greece, Turkey, and, of course, the Russian Federation and all of the other former Soviet Republics.2