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Energy Charter Treaty (ECT)
Practical Law UK Glossary 7-502-5544 (Approx. 8 pages)
Glossary
Energy Charter Treaty (ECT)
A multilateral investment treaty that establishes a legal framework for energy trade, transit and investment between member states. Part III of the ECT contains substantive protections for investors, including the requirements of:
- Most-favoured-nation treatment.
- National treatment.
- Fair and equitable treatment.
- Protection from unreasonable or discriminatory measures.
- Expropriation.
- Compensation.
The ECT allows investors to file claims against ECT member states before international arbitration tribunals for violations of substantive ECT rights.