Abstract

The adjudication on jurisdiction in the investment dispute Plama v. Bulgaria [1] is the first decision rendered by an International Centre for the Settlement of Investment Disputes (ICSID) arbitral tribunal based on the Energy Charter Treaty of 1994 (ECT).[2] Plama v. Bulgaria is a landmark decision raising, inter alia , the following issues of fundamental importance. First, the tribunal answered several questions concerning the interpretation of Article 17 (1) ECT. Inter alia , this provision gives the contracting states the opportunity to deny the ...