The Respondent requests that the Tribunal (i) reconsider its Decision on Jurisdiction and Admissibility dated 19 April 2021 (the "Decision of 19 April 2021" or "Decision on Jurisdiction and Admissibility") in light of the judgment issued by the Court of Justice of the European Union (the "CJEU") on 2 September 2021 in Case C-741/19, Republic of Moldova v. Komstroy LCC ("Komstroy"), and (ii) declare that it lacks jurisdiction over this intra-EU dispute.3
(1) the application of the EU Law is mandatory, foreign direct investment (including the ECT) is part of the EU competences and EU Law and, in cases where the seat of the arbitration is in a member state of the EU, the national courts have to ensure such application; (2) the autonomy of the EU legal framework must be respected; (3) intra-EU investment arbitration is not allowed and the ECT cannot be interpreted as allowing it; and (4) the concept of "economic activity in the energy sector" must be carefully assessed on case by case basis.4
As to the third point, the CJEU is very clear in Spain's view: "the ECT cannot be interpreted as allowing intra-EU investment arbitration."13 The Respondent explains the reasoning leading to that conclusion as follows:
(1) the ECT, foreign direct investment and state aid are EU law; (2) EU Law must be exclusively interpreted by national courts and the CJEU; (3) therefore no intra-EU investment arbitrations under the ECT are possible. Consequently, it is obvious that, respectfully, the honorable tribunal lacked jurisdiction for the controversy at hand.14
In addition, having noted that Komstroy abundantly refers to the CJEU’s decision in Achmea, the Respondent submits that this Tribunal did not analyse Achmea in its Decision on Jurisdiction and Admissibility even though both Parties addressed it in their submissions.20 For the Respondent, the importance of both the CJEU judgments warrants a reconsideration of the Decision on Jurisdiction and Admissibility and a decision that this Tribunal lacks jurisdiction.21 In its view, Komstroy "confirms that, although the dispute settlement mechanism through recourse to arbitration provided for in Article 26 of the [ECT] binds the Member States in relation to investors from third States that are parties to the ECT in respect of investments made in the territory of those Member States, the ECT cannot impose the same obligations on the Member States among themselves, since this would be contrary to the principle of the autonomy of Union law."22 This principle of autonomy must be respected and entails "the disconnection from international treaties with no disconnection clause in order to apply the EU law for intra-EU affairs."23 Komstroy, says the Respondent, is "crystal clear that the ECT cannot be interpreted as accepting intra-EU investment arbitration";24 it is "binding for Germany and Spain and German investors cannot have any rights different than the rights and legal framework that is applicable to Germany."25
a. First, "Spain has not even attempted to demonstrate that 'exceptional circumstances' justify the submission of new evidence at this late stage of the proceeding, despite Procedural Order No. 1 requiring such a showing at Section 16.3...";27
b. Second, Spain has failed to demonstrate "any legal basis for the Tribunal revisiting a jurisdictional determination it has made that has res judicata effect";28 and
c. Third, "given that the Tribunal already issued its Decision after several rounds of extensive briefing and a hearing and that no new 'fact of such a nature as decisively to affect' that Decision exists under Article 51(1) of the ICSID Convention, the Tribunal should reject Spain's request to effectively re-open this issue."29
The Claimants oppose Spain's contention that Komstroy is a sufficient basis for the Tribunal to reconsider its decision on the intra-EU objection in the Decision on Jurisdiction and Admissibility.30 The Claimants offer three reasons in support of its opposition:
(1) Komstroy, like any decision from any other court of an ECT Contracting Party, is not binding on this Tribunal and cannot serve to deprive the Tribunal of jurisdiction or invalidate Spain's "unconditional consent" to arbitration; (2) the CJEU's purported interpretation of ECT Article 26(2)(c) in Komstroy was made purely according to EU law principles and without any international law analysis, which is the only relevant interpretative analysis that could be at all useful to this Tribunal (although it still would not be binding); and (3) the Tribunal already concluded that EU law-based considerations cannot serve to deprive the Tribunal of jurisdiction or alter the plain meaning of the explicit text of the ECT, which requires the Tribunal to exercise jurisdiction over this dispute.31
In the Claimants’ view, Spain also fails to mention "the body of ICSID jurisprudence finding that Article 51(1) of the ICSID Convention 'strongly suggests that once the tribunal has decided the issues before it, its decision becomes res judicata and cannot be revised unless a very specific situation which calls out for the tribunal to revisit its prior findings is presented.’"35 Contrary to Spain’s allegation, Komstroy does not call for the Tribunal to revisit its jurisdictional findings; rather, it is irrelevant to the issue of jurisdiction in this case.36 The Claimants submit that this is so for at least three reasons:
a. First, this Tribunal’s jurisdiction is exclusively established by the terms of the ECT - terms that may be informed, if necessary for their interpretation, by rules of international law, which do not include EU law.37 This Tribunal is not constituted under EU law or subject to the regional rules of the EU legal order and the decisions of its courts, such as Komstroy.38 For the Claimants, "[t]he fact that the CJEU in Komstroy has interpreted ECT Article 26(2)(c), based solely on principles of EU law, as not applying to intra-EU disputes does nothing, under international law, to (i) amend the terms or plain meaning of the ECT, (ii) invalidate the ECT, or (iii) alter the unconditional consent that Spain freely gave when concluding the ECT."39
b. Second, the Tribunal is bound to interpret Article 26 of the ECT as written. Komstroy is irrelevant to its interpretation, is not binding upon this Tribunal and has not even "immediate or automatic consequence for the ECT ... under EU law."40 This is also true of the Achmea decision itself, which "had no impact on the BIT at issue in Achmea or intra-EU BITs generally, but instead required agreements by the EU Member States to determine how to implement Achmea."41
c. Third, Article 26(6) of the ECT cannot be used as a "back door" for the application of EU law, because it would be contrary to Articles 26(3)(a) and 26(1); the phrase "rules and principles of international law" has been held not to include EU law and Article 26(6) itself has been held not to apply to jurisdictional matters.42
In any event, even the above arguments were unsuccessful. the Claimants contend that Komstroy would remain irrelevant for the following reasons:
a. In the event of a conflict (here between the ECT and the EU treaties according to the CJEU), Article 16 of the ECT applies and "the more favorable provision to the investor provides the relevant legal rule."43 The Claimants emphasize that "no ECT tribunal has ever concluded that a less favorable rule of EU law with respect to dispute resolution could or would survive an application of ECT Article 16."44 This conflict scenario has already been considered by the Tribunal and the Tribunal’s finding that Article 16 ensures the exercise of its jurisdiction is res judicata.45 Komstroy does not even address Article 16 of the ECT.46
b. The tribunal in RREEF v Spain was faced with an almost identical question and, on the basis of Articles 26 and 16 of the ECT, rejected Spain’s attempt to rely on the Achmea decision to request that the tribunal reconsider its decision on the intra-EU jurisdictional objection.47 The Claimants suggest that this Tribunal should take the same approach.48
c. Lastly, leaving aside Article 16 of the ECT, the Claimants argue that "Komstroy still would remain irrelevant to this particular dispute because this Tribunal’s jurisdiction was established at the date the arbitration was commenced, which is March 19, 2015."49
... the Tribunal should reject Spain's attempt to re-open an issue that the Tribunal already has decided in its well-reasoned Decision after several extensive rounds of briefing and a hearing. Claimants therefore respectfully request that the Tribunal deny Spain's Request for Reconsideration.
If the Tribunal nevertheless decides to re-open this part of the proceeding, Claimants request an opportunity to comment on any additional submissions that may be required, noting that Spain bears the burden of proof with respect to its jurisdictional objections and that Claimants should be afforded an opportunity to rebut any further arguments Spain may wish to make.50
[d]ecisions of tribunals are of course binding within the scope of the proceedings, but this does not make them res judicata. ... An essential feature of res judicata is that the judgment in question produces effects on the parties outside the proceedings in which it is granted. But decisions of tribunals only have effect within the proceedings until they have been incorporated into the final award.52
(1) When the presentation of the case by the parties is completed, the proceeding shall be declared closed.
(2) Exceptionally, the Tribunal may, before the award has been rendered, reopen the proceeding on the ground that new evidence is forthcoming of such a nature as to constitute a decisive factor, or that there is a vital need for clarification on certain specific points.
242. ... [T]he Tribunal has considered what steps, if any, are necessary to ensure that each Party has had a proper opportunity to present its case in respect of the DSG claims. While the Tribunal considers that with diligent analysis, greatly assisted by the Parties' respective Post-Hearing Briefs, it is possible to obtain a full picture of each Party's case in respect of the DSG claims, it also considers that it is in the interests of the sound administration of justice that, before it decides upon the merits of the DSG claims, the DSG Claimants be afforded the opportunity to make a short written submission which summarizes the position concerning the DSG claims that they have presented in their previous written and oral submissions. Similarly, the Respondent will be afforded the opportunity to make a short written submission which summarizes the position concerning the DSG claims that it has presented in its previous written and oral submissions. Thus, each Party will have the opportunity to explain briefly how it would have presented differently its case on the merits and quantum if it had been addressing only the DSG claims.
243. The written submissions should be as concise as possible and should focus on explaining clearly any features of the Party's case that are specific to one or more of the DSG Claimants, and which the Party considers that it did not have an adequate opportunity to emphasize and distinguish from the submissions that it has made in relation to the DSG and TS claims as a whole. The submissions should assume (i) that the Tribunal is familiar with all of the written and oral submissions already made, and (ii) that it is unnecessary to make any further submissions in relation to matters that are not affected by the identities of the Claimants, such as the status and interpretation of Spanish laws and decrees. The DGS Claimants should file their submission by Monday, 31 May 2021, and the Respondent should file its submission by Monday, 12 July 2021.
244. Existing submissions stand in the record, and these written submissions are intended to serve as aids to understanding them properly in the context of a case confined to the DSG claims. This is not intended to be an opportunity to present a wholly new case, materially different from that already put before the Tribunal. Any request to introduce or respond to any novel arguments or new evidence should be made separately to the Tribunal. The Tribunal will proceed to address the merits of the DSG claims once any submissions have been received. (Emphasis and footnote omitted.)
The Tribunal recalls its analysis of the 'Achmea objection’ in paragraphs 280-295 of its Decision of 19 April 2021, and reproduces it here for convenience:
280. The Tribunal is established under the ICSID Convention, pursuant to the dispute settlement provisions of the ECT and the consent of the parties to this arbitration. It is axiomatic that the competence of the Tribunal is determined by those instruments. Both the ICSID Convention and the ECT have States Parties located in many parts of the world; but the question here concerns the operation of the ICSID Convention and the ECT in the context of a dispute involving a member State (Spain) of an REIO (the EU) and nationals of another member State of that REIO (Germany).
281. The Respondent’s objection is based upon the proposition that the ECT is not applicable. The Tribunal must approach that question by applying the provisions of the relevant instruments - the ECT and the ICSID Convention -construing them in accordance with the rules of international law as reflected in the familiar terms of
. ECT Article 26 sets out the dispute settlement provisions pursuant to which the Claimants’ application in this case has been filed. Because of its importance, it is quoted (in part) again here.
Settlement of Disputes between an Investor and a Contracting Party
(1) Disputes between a Contracting Party and an Investor of another Contracting Party relating to an Investment of the latter in the Area of the former, which concern an alleged breach of an obligation of the former under Part III shall, if possible, be settled amicably.
(2) If such disputes can not be settled according to the provisions of paragraph (1) within a period of three months from the date on which either party to the dispute requested amicable settlement, the Investor party to the dispute may choose to submit it for resolution:
(a) to the courts or administrative tribunals of the Contracting Party party to the dispute;
(b) in accordance with any applicable, previously agreed dispute settlement procedure; or
(c) in accordance with the following paragraphs of this Article.
(3) (a) Subject only to subparagraphs (b) and (c), each Contracting Party hereby gives its unconditional consent to the submission of a dispute to international arbitration or conciliation in accordance with the provisions of this Article.
(4) In the event that an Investor chooses to submit the dispute for resolution under subparagraph (2)(c), the Investor shall further provide its consent in writing for the dispute to be submitted to:
(a) (i) The International Centre for Settlement of Investment Disputes. established pursuant to the Convention on the Settlement of Investment Disputes between States and Nationals of other States opened for signature at Washington. 18 March 1965 (hereinafter referred to as the "ICSID Convention"), if the Contracting Party of the Investor and the Contracting Party party to the dispute are both parties to the ICSID Convention;
283. The question whether this is a "dispute" (in the singular) was addressed in the section above on the 'multi-party objection'. The next question is whether the dispute is, in the words of ECT Article 26(1), a dispute "between a Contracting Party and an Investor of another Contracting Party relating to an Investment of the latter in the Area of the former, which concern an alleged breach of an obligation of the former under Part III [of the ECT]." The only question here is whether the Claimants are "Investors" of "another Contracting Party." If they are, the remaining requirements in Article 26(1) are plainly met.
284. It is argued that the Claimants are all "Investors" of the EU, of which Spain is a Member State, and are therefore not "Investors" of 'another Contracting Party' to the ECT. This is the "intra-EU" argument, according to which the ECT does not operate in the context of intra-EU States but only in the context of a dispute involving an EU State and a non-EU State.
285. The Tribunal understands the thinking and the policy behind the intra-EU argument, and the relevant principles of EU law; but it is bound to interpret and apply the instruments to which it owes its existence and its powers and, in the words of ECT Article 26(6)], to do so "in accordance with [the ECT] and applicable rules and principles of international law."
286. The starting point is the rule of interpretation set out in VCLT Article 31(1): "1. A treaty shall be interpreted in good faith in accordance with the ordinary meaning to be given to the terms of the treaty in their context and in the light of its object and purpose."
287. Both Spain and Germany are ECT Contracting Parties. On the face of it, and giving the terms of ECT Article 26(1) their ordinary meaning, this is plainly a dispute "between a Contracting Party and an Investor of another Contracting Party." The question is whether this conclusion is vitiated by the fact that the EU is also a Contracting Party to the ECT.
288. Clearly, it is not the simple fact that the EU is an ECT Contracting Party that is relevant: it is the relationship between the EU and the two States involved in this case. But nothing in the wording of ECT Article 26 points to the conclusion that because the EU is itself a Contracting Party, Germany and Spain cease to be distinct Contracting Parties vis-à-vis one another. Provision could have been made to that effect in ECT Article 26; or an additional "Understanding" of the kind attached to many ECT Articles (including Article 26 itself) could have been adopted in relation to Article 26; or some other provision in the ECT could have made plain the relationship between EU Law and the ECT; or an instrument of the EU could have made explicit to EU States how they and their nationals were to act in relation to disputes covered by the substantive provisions of the ECT, and perhaps have invited other ECT Contracting Parties to agree to what would have been a regional derogation from the terms of the Treaty.
289. No such step was taken. The argument that the ECT cannot apply rests on the interpretation of general provisions of EU Law, notably Article 3(2) of the TFEU, which stipulates that the Union has "exclusive competence for the conclusion of an international agreement when its conclusion ... may affect common rules or alter their scope." But nothing in the TFEU addresses the question of the continuing validity of the ECT when investment was brought under Union competence, in 2007, after the ECT had been ratified and entered into force for the EU, Germany and Spain.
290. The principles of the supremacy of EU Law and of Union competence are well understood to be principles of fundamental importance within the EU; but it is far from being 'manifest' that a treaty concluded by the EU itself, alongside its Member States, without any reservation or any declaration of how the express provisions of that treaty were to be interpreted and applied, should be regarded as incompatible with EU law. Indeed, the legal test of incompatibility appears to be one whose application will in many cases be unclear until the Union's Court has made a determination: as the EU Brief put it, "it is also important to recall that the ECJ considers that international investment treaties breach Union law already when they present the risk of conflict with potential Union measures, without it being necessary to demonstrate actual conflict."
291. The 'incompatibility' of the ECT and the TFEU may have been the result of an oversight at the time that the ECT was adopted or at the time that the TFEU was adopted. But if a treaty does not say what one or more of the parties wished (or has come to wish) it to mean, the remedy cannot be for one or some of the parties to impose a different meaning upon the treaty by a unilateral declaration of its position.
292. There is a further point of great importance. The ECT itself does make provision for circumstances where two treaties appear to be in conflict. ECT Article 16, together with the Decision relating to its application, reads as follows:
Relation to Other Agreements
[DECISION] With respect to the Treaty as a whole
In the event of a conflict between the treaty concerning Spitsbergen of 9 February 1920 (the Svalbard Treaty) and the Energy Charter Treaty, the treaty concerning Spitsbergen shall prevail to the extent of the conflict, without prejudice to the positions of the Contracting Parties in respect of the Svalbard Treaty. In the event of such conflict or a dispute as to whether there is such conflict or as to its extent, Article 16 and Part V of the Energy Charter Treaty shall not apply.*
Where two or more Contracting Parties have entered into a prior international agreement, or enter into a subsequent international agreement, whose terms in either case concern the subject matter of Part III or V of this Treaty,
(1) nothing in Part III or V of this Treaty shall be construed to derogate from any provision of such terms of the other agreement or from any right to dispute resolution with respect thereto under that agreement; and
(2) nothing in such terms of the other agreement shall be construed to derogate from any provision of Part III or V of this Treaty or from any right to dispute resolution with respect thereto under this Treaty,
where any such provision is more favourable to the Investor or Investment.
* Decision n. 1 with respect to the Energy Charter Treaty (Annex 2 to the Final Act of the European Energy Charter Conference).
293. The ordinary meaning of these words is plain. Applied in this context they mean that nothing in the ECT derogates from any provision of any of the EU treaties in relation to investment promotion and protection (ECT Part III) or from any right to dispute resolution; and nothing in the EU treaties derogates from any provision of any of the ECT in relation to investment promotion and protection (ECT Part III) or from any right to dispute resolution. The explicit reference to the Svalbard Treaty highlights the silence of Article 16 in relation to the EU treaties. It is difficult to see that any reader of the ECT and of Article 16 in particular could fail to draw from it an understanding that the ECT and the EU treaties were intended by ECT Contracting Parties (including the EU) to co-exist, with investors entitled to take the benefit of the more favourable treaty provision in any particular case.
294. The Tribunal was referred by the Parties and by the European Commission as amicus curiae to the awards of other tribunals on this point and to the relevant decisions of the Court of Justice of the European Union, and it has considered them carefully. The Tribunal understands that the EU, as an REIO, will decide for itself on the relationship between its legal order and international law, as must any system of municipal law. But just as the Union Court may consider itself bound to uphold the supremacy of EU law, this Tribunal must apply the rules and principles of international law, in accordance with ECT Article 26(6). EU law, like municipal laws, has a very important role in the development and the application of international law; but it cannot prevail over it.
295. The Tribunal accordingly finds that its jurisdiction under the
ECT and the ICSID Convention is not precluded or excluded by provisions of EU law, and dismisses this objection. (Footnotes omitted.)
The Tribunal reaffirms that the Tribunal must determine its jurisdiction within the legal framework of the ECT and of international law. The ECT must be interpreted in accordance with the well-established principles of international law on treaty interpretation, as reflected in the Vienna Convention on the Law of Treaties. Moreover, it is axiomatic that the express words of the text of the ECT cannot have different meanings as between different configurations of EU and non-EU Contracting Parties and their investors. Contracting Parties may, of course, agree to amend the ECT so that it has differential application, in accordance with the procedure set out in ECT Article 42.
The Tribunal notes the observations of the CJEU in Komstroy that
25 It should be noted that the questions referred concern the concept of 'investment' within the meaning of the ECT.
26 Since the entry into force of the Treaty of Lisbon, the European Union has exclusive competence, as regards foreign direct investment, pursuant to Article 207 TFEU and, as regards investments that are not direct, it has shared competence (Opinion 2/15 (EU-Singapore Free Trade Agreement), of 16 May 2017, EU:C:2017:376, paragraphs 82, 238 and 243).
27 In those circumstances, the Court has jurisdiction to interpret the ECT, in particular, as has been pointed out in paragraph 23 of this judgment, in the context of a reference for a preliminary ruling.
28 It is true that the Court does not, in principle, have jurisdiction to interpret an international agreement as regards its application in the context of a dispute not covered by EU law. That is the case in particular where such a dispute is between an investor of a non-member State and another non-member State.
29 However, first, the Court has held that, where a provision of an international agreement can apply both to situations falling within the scope of EU law and to situations not covered by that law, it is clearly in the interest of the European Union that, in order to forestall future differences of interpretation, that provision should be interpreted uniformly, whatever the circumstances in which it is to apply (see to that effect, judgments of 17 July 1997, Giloy, C-130/95, EU:C:1997:372, paragraphs 23 to 28; of 16 June 1998, Hermès, C-53/96, EU:C: 1998:292, paragraph 32; and of 14 December 2000, Dior and Others, C-300/98 and C-392/98, EU:C:2000:688, paragraph 35).62
60 Having regard to all the characteristics of the arbitral tribunal set out in paragraphs 48 to 59 of the present judgment, it must be considered that, if the provisions of Article 26 ECT allowing such a tribunal to be entrusted with the resolution of a dispute were to apply as between an investor of one Member State and another Member State, it would mean that, by concluding the ECT, the European Union and the Member States which are parties to it established a mechanism for settling such a dispute that could exclude the possibility that that dispute, notwithstanding the fact that it concerns the interpretation or application of EU law, would be resolved in a manner that guarantees the full effectiveness of that law (see, by analogy, judgment of 6 March 2018, Achmea, C-284/16, EU:C:2018:158, paragraph 56).
61 It is true that, according to settled case-law of the Court, an international agreement providing for the establishment of a court responsible for the interpretation of its provisions and whose decisions are binding on the EU institutions, including the Court of Justice of the European Union, is not in principle incompatible with EU law. The competence of the European Union in the field of international relations and its capacity to conclude international agreements necessarily entail the power to submit to the decisions of a court which is created or designated by such agreements as regards the interpretation and application of their provisions, provided that the autonomy of the European Union and its legal order is respected (judgment of 6 March 2018, Achmea, C-284/16, EU:C:2018:158, paragraph 57 and the case-law cited).
62 However, the exercise of the European Union's competence in international matters cannot extend to permitting, in an international agreement, a provision according to which a dispute between an investor of one Member State and another Member State concerning EU law may be removed from the judicial system of the European Union such that the full effectiveness of that law is not guaranteed.
63 Such a possibility would, as the Court held in the case giving rise to the judgment of 6 March 2018, Achmea (C-284/16, EU:C:2018:158, paragraph 58) and as the Advocate General observed in essence in point 83 of his Opinion, call into question the preservation of the autonomy and of the particular nature of the law established by the Treaties, ensured in particular by the preliminary ruling procedure provided for in Article 267 TFEU.
64 It should be noted in that regard that, despite the multilateral nature of the international agreement of which it forms part, a provision such as Article 26 ECT is intended, in reality, to govern bilateral relations between two of the Contracting Parties, in an analogous way to the provision of the bilateral investment treaty at issue in the case giving rise to the judgment of 6 March 2018, Achmea (C-284/16, EU:C:2018:158, paragraph 58).
65 It follows that, although the ECT may require Member States to comply with the arbitral mechanisms for which it provides in their relations with investors from third States who are also Contracting Parties to that treaty as regards investments made by the latter in those Member States, preservation of the autonomy and of the particular nature of EU law precludes the same obligations under the ECT from being imposed on Member States as between themselves.
66 In the light of the foregoing, it must be concluded that Article 26(2)(c) ECT must be interpreted as not being applicable to disputes between a Member State and an investor of another Member State concerning an investment made by the latter in the first Member State.63
Moreover, unlike the arbitration in question in Komstroy, the present arbitration does not have its seat in an EU Member State. EU law cannot be said to be part of the lex fori of this ICSID arbitration,66 as it was in Komstroy (para 33). It is questionable, and unnecessary to decide here, whether any ICSID tribunal has a lex fori other than the ICSID Convention and international law; but in any event the 'place of proceeding’ in this case is expressly stipulated to be Washington D.C., so that there can be no possible basis for a claim that EU law is part of the lex fori.
The ECT, as signed and ratified by Spain, Germany, and the EU itself, provides explicitly in Articles 16 and 42 for the relationship between the ECT and later agreements such as the TFEU, as well as prior agreements made by ECT Contracting Parties, and for the amendment of that relationship. Article 16, it will be recalled, stipulates that
Where two or more Contracting Parties ... enter into a subsequent international agreement, whose terms in either case concern the subject matter of Part III or V of this Treaty... nothing in such terms of the other agreement shall be construed to derogate from any provision of Part III or V of this Treaty or from any right to dispute resolution with respect thereto under this Treaty, where any such provision is more favourable to the Investor or Investment. (emphasis added)
As the Tribunal pointed out in its Decision on Jurisdiction and Admissibility, special provision could have been made in the ECT for intra-EU disputes, by way of a Decision or Declaration or Understanding of the Contracting Parties or by way of a subsequent amendment of the Treaty pursuant to ECT Article 42. That was not done. The Contracting Parties did not provide arbitral tribunals constituted under ECT Part V with any legal basis for refusing to interpret and apply the ECT in accordance with its plain terms. Nor can unilateral interpretations of the ECT that are contrary to its plain meaning, determined in accordance with the applicable principles of international law, have that effect. The Claimants have under ECT Part V a right to ECT arbitration, and neither the Komstroy decision nor the principles of EU law on which it is based can deprive them of that right -particularly when the decision postdates the critical date for the establishment of jurisdiction and the Tribunal's decision thereon.
In view of the relatively unusual nature of the Request for Reconsideration, and the specific relevance of the Komstroy Judgment the Tribunal has set out its reasoning at greater length that might have been expected. Its conclusion is, however, simple and clear. The rendering of the Komstroy Judgment does not warrant the reopening of the "Achmea / intra-EU' question, and the Tribunal's Decision of 19 April 2021 stands. The Tribunal will now proceed to finalize and render its Award.
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