Take-aways from the 2019 ECT Forum
Since the first case in 2001, the SCC has administered a total number of 30 investor-state arbitrations under the Energy Charter Treaty. Reports from the institutions involved in investor-state arbitration under the Treaty was part of the content when the Energy Charter Treaty Forum convened in Singapore.
Under the heading THE PROMISE OF ARBITRATION. Enhancing International Peace, Cooperation, and Sustainability through Dispute Settlement public officials, private practitioners and representatives from academia and courts gathered in Singapore to discuss energy & natural resources disputes, and stakeholder involvement in these disputes.
The conference also addressed the Energy Charter Conference’s 2018 Model Instrument on Management of Investment Disputes, and one panel made a detailed analysis of Asian infrastructure disputes.
- Instrument like the Energy Charter Treaty carries an important weight, SCC Secretary General Annette said in her opening remarks. It can play an important role as we strive to meet the energy needs of the future.
- Not only does it seek to provide legal certainty and support policy stability, but it also puts force behind the words of the Treaty through the use of a neutral tool for dispute resolution.
- This makes the Energy Charter Treaty unique. Efficient language of enforcement is absent in so many other international treaties or agreements. Not least if we are talking about climate change and sustainable development.
The 2019 Energy Charter Treaty Forum was co-hosted by the Permanent Court of Arbitration (PCA), the International Center for the Settlement of Investment Disputes (ICSID), the Energy Charter Secretariat, and the SCC.