The European Court of Justice on June 18 canceled a European Commission decision dating 2015, which established that Romania’s payment of compensation to Romanian-Swedish investors Ioan and Viorel Micula constituted illegal state aid. The European Commission also ordered the Romanian Government to recover the money already paid to the investors following an international court’s decision.
The parties expressed their interest in exploring the possibility of initiating negotiations of a bilateral investment agreement.
A US arbitration court has rejected a German government petition that said the panel had no right to rule on a damages claim by Sweden’s Vattenfall. Berlin cited a ruling by the Court of Justice of the European Union.
The German cabinet has confirmed that two utilities operating in Germany are entitled to compensation for losses stemming from the country’s nuclear phaseout. The move is in line with an earlier top court ruling.
Swedish utility Vattenfall has no legal grounds to ask a US arbitration court if it can claim 4.7 billion euros from Berlin for forcing it to halt nuclear production, the German government has said.
Al Amoudi recently filed a complaint against Morocco at the World-bank affiliated ICSID thus ending a series verbal threats the Saudi investor has been brandishing since 2015 against Moroccan investment authorities.
The five Nordic countries of Denmark, Norway, Finland, Iceland and Sweden have pitched for a Free Trade Agreement (FTA) with India to increase business ties.
"Sweden considers that the proposed mandate does not meet the requirements of international law", the official government statement reads.
Tanzania is currently confronting this challenge, faced with a new international investment dispute tied to a proposed large-scale sugarcane and ethanol production project.
Swedish investor EcoDevelopment registered a claim at the ICSID against the Tanzanian government for revoking a land title amid concerns over the impact on local communities and a wildlife sanctuary.
The High Court has granted two investors permission to appeal a decision that stayed enforcement of a dispute resolution award, in a case that centres on EU rules surrounding state aid.
The High Court has handed down a judgment which stays enforcement of an international dispute resolution award in Micula v. Romania case
Central to the general public’s opposition to ISDS is the concept of legitimate expectations.
Germany’s highest court has ruled in favor of three power companies in a dispute over a government decision to phase out nuclear energy. Vattenfall is also suing at the International Center for Settlement of Investment Disputes (ICSID).
The hearing on jurisdiction, merits and quantum in Vattenfall AB and others v. Federal Republic of Germany is scheduled to take place before a three-member arbitral tribunal from Monday, October 10, 2016 through Friday, October 21, 2016.
Coal-fired electric plant/climate change.
This case illustrates the risk that a Member State can be successfully sued by a company within ISDS for merely bringing its legislation or policies in line with EU legislation.
Swedish corporations like ABB, AstraZeneca, H&M, Volvo, Scania and IKEA are all set to take advantage of the EU-India FTA once it is signed, says ambassador.
In a victory which may have major ramifications for international law, US law firm King & Spalding has won a $250 million arbitration case for Romanian company Micula against the Republic of Romania.
Sweden’s Minister for Trade Ewa Björling is presenting the conclusions of a new report by the Transatlantic Task Force on Trade and Investment. The report proposes how an open market for trade and investments could be created between the EU and the US.