ISDS Case Map
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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.
Qatar's sovereign wealth fund, Credit Suisse's second-largest investor, has explored seeking redress for losses incurred by the bank's takeover.
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.
Tribunal orders Rockhopper & Italy to mitigate the risk of non-recoupment by Italy with the anticipation of the Stay being lifted.
The decision recognised and enforced an ICSID arbitration award obtained by a renewable energy investor against the Spanish Government for €101 million.
The working group completed its work on a draft code of conduct for arbitrators in international investment dispute resolution.
The claims have been brought forward under the Energy Charter Treaty, an international convention which allows companies to sue signatory countries over decisions that affect their energy investments.
On 13th September 2022, the EU Parliament voted to approve a resolution proposing a directive on the regulation of third-party funding entitled “Responsible private funding of litigation”.
Although the Dutch courts have yet to issue a final ruling on the appeal for annulment filed by the State Attorney’s Office, the Government of Ecuador is already complying with the arbitration award as if it were in force.
