By Annie ELFASSI, Partner Johann BENSIMON, Associate, Baker McKenzie Luxembourg
As of June 17, 2024, the Grand Duchy of Luxembourg has officially withdrawn from the Energy Charter Treaty (ECT).(1) The ECT came into force in Luxembourg on April 16, 1998.(2) This treaty aims to promote international investment in the energy sector and provides protection to foreign investors against government interference. At the time of writing, there are 48 contracting States to the ECT around the world (Contracting Parties).(3)
What is the ECT?
The ECT seeks to promote international cooperation in the energy sector, to establish an open, non-discriminatory and competitive international energy markets, and to...
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