ISDS Case Map
energy
oil, gas, agrofuels
Spain has lost a bid to claim immunity in a London court in a 120 million-euro ($129 million) case over cuts to renewable energy incentives.
Given Lansdowne is a UK domiciled company it expects to pursue its claim in international arbitration pursuant to the investment protection regime established under the Energy Charter Treaty.
US$20 billion: That’s how much American investors think Canadian taxpayers should fork over to compensate them for their failed bid to develop a liquefied natural gas facility in Québec.
Three German investors have filed an investment arbitration claim against Costa Rica for the expropriation of their land for the construction of a hydroelectric power plant.
The European Union is considering a proposal to quit an international energy treaty that has become mired in climate change concerns, but leave an option for individual countries to stay in an updated version of the accord, a document showed.
If you’ve never heard of ISDS (investor-state dispute settlement) that’s not surprising. ISDS operates in the shadows. It’s a mechanism for solving disputes between parties in cases of foreign direct investment while offering legal protections for the investor. The investment is typically provided by a private company to a foreign ‘host state’.
This case concerns a dispute between Cavalum SGPS, S.A and the Kingdom of Spain about changes introduced by the respondent to the regulatory and economic regime for renewable energy projects.
The US fund Blasket Renewable Investments has activated the “default” clause that declares Spain at “technical impact” after the Government has not yet paid the pending awards for the cuts in the premiums for renewables.
The World Bank has sent a devastating letter to the Spanish government to demand payment of the awards that condemn our country to compensate the investors affected by the retroactive withdrawal of the premiums granted to renewable energies.
Tribunal orders Rockhopper & Italy to mitigate the risk of non-recoupment by Italy with the anticipation of the Stay being lifted.
