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A court in the British Virgin Islands has refused to enforce compound interest awarded in an ICC dispute between two Thai businessmen after finding that it conflicts with Thai public policy.
20 March 2023
A US court has allowed the claimants to be substituted in an action to enforce an Energy Charter Treaty award even as Spain warns their directors could face criminal penalties over the move.
13 March 2023
A Luxembourg entity has asked a US court to enforce its share of a €91 million Energy Charter Treaty award against Spain – the latest action to be brought by investors owed compensation for reforms to the country’s incentives regime for renewable energy.
27 February 2023
An English court has upheld LCIA awards worth US$88 million in favour of a Pakistani state-owned energy company, ruling the challenge was based on a mutual misunderstanding of the arbitrator’s findings.
20 February 2023
A US judge hearing two actions by solar investors to enforce ICSID awards worth a combined €333 million against Spain has issued injunctions to prevent the state from trying to halt the proceedings through litigation in the Netherlands and Luxembourg.
16 February 2023
General Electric and its Greek partner have settled an ICC arbitration with an Algerian state-owned entity over a US$234 million power plant project that gave rise to interim measures enforced in the New York courts.
25 January 2023
A virtual panel hosted by Squire Patton Boggs considered potential energy disputes arising from the war in Ukraine. Olha Martynevych and Kateryna Shokalo, Ukrainian lawyers in the firm’s New York office, report.
24 January 2023
RWE has reportedly launched arbitration against Gazprom over halted gas supplies – a week after another German energy company Uniper brought a multibillion-euro claim against the Russian state entity.
05 December 2022
An ICSID committee has upheld an award requiring Spain to pay €42 million to a Luxembourgish subsidiary of US private equity firm First Reserve, rejecting arguments that the tribunal should have declined jurisdiction over the intra-EU dispute.
02 December 2022
A Japanese wind farm investor has won €106.2 million in the latest Energy Charter Treaty award against Spain over reforms to its renewables sector, as the state is threatened with an ECT claim by the developer of a uranium project.
22 November 2022
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