The ICSID has turned down a lawsuit filed by Spanish companies Cementos La Union and Aridos Jativa against the Egyptian State, demanding a compensation of more than €236 million.
The ICSID has lifted the suspension on the execution of the €290 million award NextEra obtained a year ago.
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).
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 called for the inclusion of services in the first phase of EU-UK negotiations on the future relationship, adding more complexity to trade talks.
The government will offer subsidies which will allow investors that abandon litigation to maintain their current profitability rate of 7.39% until 2031.
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 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 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 net award for Athena Investments amounts to approx. EUR 11M.
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.
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.
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.
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 has filed an arbitration complaint with the World Bank’s ICSID against the Colombian arbitration fine for breaching a government contract for mobile services.
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.