Luxembourg


Luxembourg eco-investors helped sink condemned energy treaty
Funds used fossil-fuel friendly tool to fight back when countries pulled renewable energy incentives, hurting their green investments.
Tribunal members named in €14bn Fridman claim against Luxembourg
No hearing date or location set in Russian tycoon Mikhail Fridman’s arbitration case over assets frozen by the Grand Duchy’s government.
PLUNA airlines arbitration fallout: Uruguay’s assets targeted In Luxembourg
The Latin America Regional Aviation Holding has intensified its legal dispute with Uruguay following the country’s failure to comply with the arbitral award related to the closure of Pluna.
Russian oligarch launches €15bn lawsuit against Luxembourg
Mikhail Fridman files international arbitration case against Luxembourg after country froze his assets when he was hit by EU sanctions.
Government wins landmark international arbitration case against Laiki, Bank of Cyprus depositors
The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) tribunal unanimously rejected a USD 600 million claim by depositors and bondholders of Laiki Bank and the Bank of Cyprus.
Luxembourg backtracks on Energy Charter Treaty withdrawal By Frédéric Simon
Luxembourg’s energy minister who used to be at the forefront of calls to withdraw from the Energy Charter Treaty, has backtracked on his earlier statements, saying the EU should first aim to redouble efforts to reform.
Luxembourg opposes the draft EU-Mercosur agreement
The Luxembourg Ministry of Foreign Affairs said that it "will not be able to give its support" to the signing of the EU-Mercosur agreement, asking for "additional commitments in the fight against climate change and deforestation.
Vote on disputed CETA trade agreement sparks controversy
The impending vote has sparked anger from environmental organisations. Stop TTIP/CETA and Votum Klima for instance called the vote a political scandal.
Slovak assets seized in dispute between state and Achmea
A Luxembourg court has ordered the sequestration of €29.5 million of assets owned by the Slovak Republic as part of a legal action brought against Slovakia by the Dutch company Achmea.