Germany favours substantial reform of the Energy Charter Treaty
Published: 08 April 2020 Authors: Sebastián Mantilla Blanco and Stefan Talmon
With 52 parties, the Energy Charter Treaty (ECT) is one of the most important multilateral investment treaties. Germany signed the ECT on 17 December 1994 and ratified it on 16 December 1997. The ECT has a prominent place in the German investment treaty landscape. By March 2020, German investors had been party to 25 ECT arbitration proceedings and Germany had appeared as a respondent in three ECT arbitrations. The European Union (EU) and its Member States, including Germany, were leading an effort to amend and modernise the ECT. In response to a parliamentary request for information, the Federal Government on 21 February 2020 clarified several aspects of the German position on the future of the ECT. (more…)