Ascent Resources plc - Corporate Update - ICSID Tribunal issues Final Award (Ascent Resources Plc and Ascent Slovenia Ltd v Republic of Slovenia - ICSID Case No. ARB/22/21) - 8 July 2026

Country
Year

2026

Summary

The Tribunal unanimously decided as follows:

  • All of the Respondent's (Republic of Slovenia) jurisdictional objections are denied. The Tribunal confirmed its jurisdiction over the totality of the Claimants' claims under the Energy Charter Treaty ("ECT").
  • All of the Claimants' claims under Articles 10 (Fair and Equitable Treatment and National Treatment) and 13 (Expropriation) of the ECT are denied.
  • The Claimants' claim for compensation is denied.
  • The Claimants (Ascent Resources Plc and Ascent Slovenia Ltd) shall pay the Respondent the sum of EUR 3,000,000 in respect of the Respondent's own costs.
  • The Parties shall bear the costs of the arbitration in equal shares.
  • All other claims are dismissed.

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