Spain
The campaign ‘No to trade and investment treaties’ has called on citizens to join the mobilizations planned for next September 27 in the different cities of Spain.
These recent awards indicate that investors now have the upper hand in their ECT claims against EU states.
Spain will have to pay EUR 41 million to German solar investor SolEs Badajoz GmbH for retroactively cutting long-term premiums for renewable energy projects.
Albania, European Union, Georgia, Italy, Slovenia, Spain
The Union of Unions of Agricultural Producers and Ranchers has expressed its concern to the Cabinet of the Commissioner of Commerce of the European Commission about the signing of trade agreements with third countries. It has done so by presenting two reports, one on the active materials banned in the EU which are allowed in third countries, and another on the impact of Mercosur.
The ICSID ruled against Spain in a case brought by NextEra Energy Inc regarding the US utility’s lost investments in two 49.9-MW concentrated solar power plants.
The Spanish Union Fenosa Gas (UFG) denies media reports that any settlement has been reached with Egypt in regard to the $2 billion dispute about the gas supply to the Damietta Liquefied Natural Gas plant.
Compensation of partners to stop pumping of gas to Damietta LNG Plant with part of revenue.
The net award for Athena Investments amounts to approx. EUR 11M.
Spanish construction firm Sacyr has launched arbitration proceedings claim against the Panamanian state before the United Nations Commission on International Trade Law (UNCITRAL).
APM Terminals, the Spanish subsidiary of Danish company Maersk group, has informed the Guatemalan government of its intention to start arbitration proceedings over a ruling that voids its concession contract to operate a container terminal in Quetzal.
The Spanish group will seek an agreement with the country to recover normality at the Damietta plant.
Mexican billionaire Antonio del Valle has launched actions against the Spanish government for its role in the process of putting Banco Popular into resolution and subsequent sale for €1 to Santander.
An arbitration tribunal found that Spain’s electricity reforms breached its obligation to accord to the investor fair and equitable treatment under the Energy Charter Treaty
Enagás has requested a proceeding before the ICSID against the Peruvian state after negotiating for six months without success to reach a friendly agreement in relation to the company’s investment in the Peruvian South Gas Management Project.
A Swedish appeals court reversed the ruling of the Stockholm arbitration tribunal in the legal action filed by Spanish shareholders of Russian oil and gas company Yukos against Moscow.
ICSID imposes a fine of 64.5 million euros for a claim by a fund of the state of Abu Dhabi.
Telefonica Mexico has withdrawn its arbitration claim against the Mexican government in which it had requested compensation amounting to around EUR 850 million after reaching an agreement with the country.
Europe did not gain exclusive rights for Spain’s La Mancha farmers to use Manchego, which has protected geographical status in the EU.
The tribunal found that Novenergia’s investments were achieving a reasonable rate of return. However, the tribunal held that it was sufficient for the claim to succeed that Novenergia could show “quantifiable prejudice” compared with its position when it initially made its investment.
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