Investment protection under Energy Charter

Abstract

This paper analyses the investment protection regime under Energy Charter Treaty and provides a general overview of the Energy Charter process. It focuses primarily on the definition of the investment under the Energy Charter Treaty and then deals with the standards of investment protection. In particular, the paper aims at identifying standards of substantive protection of investments on the one hand, such as national and most-favored nation treatment, protection against unlawful expropriation, and right to compensation of losses, as well as procedural protection granted to investors and dispute resolution mechanism envisaged under the Energy Charter Treaty on the other hand.

Ovaj rad analizira režim zaštite investicija po Ugovoru o Energetskoj povelji i daje opšti pregled procesa Energetske povelje. Rad se prvenstveno fokusira na definiciju investicije po Ugovoru o Energetskoj povelji a zatim se bavi standardima zaštite investicija. Konkretno, rad teži ka tome da identifikuje standarde materijalno-pravne zaštite investicija sa jedne strane, poput nacionalnog tretmana i tretmana najpovlašćenije nacije, zaštite od nezakonite eksproprijacije i prava na nadoknadu gubitaka, kao i procesnu zaštitu koja se garantuje investitorima i mehanizam rešavanja sporova predviđen Ugovorom o Energetskoj povelji.