Karl Erik Navestad
Phone: +47 23 89 40 00
Mobile: +47 98 29 45 66
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On 4 October 2018, the Energy Charter Secretariat launched a new publication entitled Energy Investment Risk Assessment (EIRA) identifying and comparing relevant risk factors for investors in 30 countries across the globe. Arntzen de Besche has contributed to the report by providing an analysis of the legal framework and risk factors for investments in the Norwegian energy sector.
Arntzen de Besche is uniquely positioned for assisting investors (as well as governments) with structuring investments, interpretation of the 1994 Energy Charter Treaty (ECT) or other investment agreements and representation in disputes covered by such treaties. After decades of assisting foreign companies with direct investments in Norway, our activities have extended to advising governments and investors internationally, especially in relation to cross-border energy projects. With our broad, global network of cooperation partners we are able to safeguard our assistance while transcending national borders and country jurisdictions. We can offer a complete set of advisory products, from contractual structure and drafting, financial, tax and fiscal advice and negotiations support to, if necessary, appearing in disputes on behalf of clients.
The Energy Charter Secretariat is assisting the Energy Charter Conference, an inter-governmental organization established by the ECT.
Following the end of the Cold War, the potential and need for cross-border investments in energy was vast. A central aim for the Energy Charter cooperation has been to establish favorable and stable conditions for such investments. The Energy Charter Treaty is one of the world’s largest and most important international investment agreements (IIAs), and has provided energy investors with increased legal protection since it entered into force in 1998. Norway is a signatory, but has yet to ratify the agreement.
To read the report, please click here.