|Secretary General Urban Rusnák during his recent visit to Tbilisi, Georgia, on 20 August 2014 had a meeting with the Vice-Prime Minister and Minister of Energy Mr. Kakha Kaladze to discuss the priorities set for the 2015 Chairmanship of the Energy Charter Conference. At the meeting, the parties also discussed issues of regional power transit, investment relations between the member countries of the Energy Charter and the ongoing modernisation process. Minister Kaladze, accompanied by Ms. Mariam Valishvili, Vice-Chairperson of the Energy Charter Conference and Deputy Minister of Energy of Georgia, expressed full support of the government of Georgia for the modernisation of the Energy Charter. The Minister also informed Amb. Rusnák of the ongoing preparation of the upcoming Chairmanship's flagship initiative and of 26th Meeting of the Energy Charter Conference in Tbilisi in 2015.|
This Occasional Paper looks at the risks and benefits for Russia from participating in the Energy Charter. The author analyses and summarises:
Article 26(8) of the Energy Charter Treaty states that the arbitral awards shall be final and binding upon the parties to the dispute. Neither the Energy Charter Treaty nor the UNCITRAL Rules on Arbitration contain an appeal mechanism. Nevertheless, a party may seek to set aside or challenge the validity of the award as permitted by the arbitration rules of the seat of arbitration.
Awards rendered in arbitrations seated in The Netherlands may be challenged in the Dutch state courts. The grounds for challenge are very limited and are set out in the Dutch Arbitration Act:
|10 October 2014