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EU Looks To Abolish 'Outdated' Energy Treaty Provisions

Law360 (May 14, 2019, 8:31 PM EDT) -- The European Commission on Tuesday provided a road map to modernize the multilateral Energy Charter Treaty, primarily by tightening the ways investors can challenge measures enacted by signatories relating to the regulation of energy.

The commission adopted a proposal for a council decision authorizing negotiations to modernize the ECT, a more than 20-year-old treaty signed by the EU itself and by nations throughout Europe and in some parts of the Middle East and the Asia-Pacific region. The pact, which was negotiated in the early 1990s and has largely remained the same since coming into force in 1998, reflects an outdated model of...

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