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ICSID tribunal finds Spain to have been in breach of ECT following clean energy rule changes (Renergy Sàrl v Spain)

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Published on: 16 May 2022
Published by a Law360 reporter

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  • What did the tribunal decide?

Article summary

Law360: A divided International Centre for the Settlement of Investment Disputes (ICSID) tribunal ordered Spain to pay a Luxembourg-based renewable energy investor nearly €33m over the state's decision to roll back clean-energy subsidies, which arbitrators said undermined the company's expectation of a stable regulatory regime.

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United Kingdom

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