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NextEra wins millionaire renewables lawsuit against Spain
The ICSID has lifted the suspension on the execution of the €290 million award NextEra obtained a year ago.
Ray of hope for Reko Diq penalty being nixed
Pakistan’s chances of having its $6 billion penalty in the Reko Diq case annulled have received a boost with a committee of the International Centre for Settlement of Investment Disputes (ICSID).
UN tribunal rules against Canada’s Edgewater in legal battle with Spain
An arbitration tribunal ruled against Canadian company Edgewater Exploration in its long-standing legal battle with Spain related to the Corcoesto gold project in the northwestern region of Galicia.
Spain pushes for prioritising services in EU-UK deal
Spain called for the inclusion of services in the first phase of EU-UK negotiations on the future relationship, adding more complexity to trade talks.
Spain offers green energy investors incentives to drop lawsuits
The government will offer subsidies which will allow investors that abandon litigation to maintain their current profitability rate of 7.39% until 2031.
Trade and investment treaties aggravate the climate crisis
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.
Spain loses another dispute over premium cuts on renewables
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.
The Spanish juice industry is threatened by Mercosur
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.
NextEra Energy wins dispute against Spain
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.
Arbitration against the Kingdom of Spain: final award
The net award for Athena Investments amounts to approx. EUR 11M.
ICSID condemns Egypt to pay €1,735 million to Naturgy and ENI for a gas plant
The Spanish group will seek an agreement with the country to recover normality at the Damietta plant.
Spain sued over Popular resolution
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.
Enagás demands an arbitration against Peru before ICSID
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.
Spain loses its third millionaire arbitration award for the reduction of renewables
ICSID imposes a fine of 64.5 million euros for a claim by a fund of the state of Abu Dhabi.
Telefonica Mexico withdraws EUR 850 mln arbitration request - report
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.
Mexico wins ‘cheese war’ over Europe in trade deal
Europe did not gain exclusive rights for Spain’s La Mancha farmers to use Manchego, which has protected geographical status in the EU.
Spain to pay compensation to renewables investors
In a second international ruling against retroactive cuts in renewables support introduced by the Spanish government in 2013, a Swedish arbitration panel has awarded a Luxembourg-based investment firm €53 million compensation.
Telefonica files complaint to ICSID over Colombia fine
Telefonica has filed an arbitration complaint with the World Bank’s ICSID against the Colombian arbitration fine for breaching a government contract for mobile services.
World Bank orders Argentina to pay $320 mln over seized airline
The World Bank’s arbitration tribunal has ordered Argentina to pay $320 million plus interest and legal fees to Spanish travel group Marsans for expropriating its airline Aerolineas Argentinas SA in 2008.
Free trade deals ‘at all cost’ frustrate Spanish farmers
Spain’s agricultural sector is concerned about free trade negotiations between the European Union and third parties. The agreement with Canada (CETA) and ongoing talks with South American trade bloc Mercosur are raising doubts in the Iberian countryside.