Topic: Legitimate expectations

How Italy’s ban on offshore drilling fell foul of the Energy Charter Treaty

EXCLUSIVE: GAR unpacks how Italy’s decision to ban offshore drilling near its coastline led to the state being ordered to pay more than €190 million plus interest to a UK company for breaching the Energy Charter Treaty.

26 August 2022

German wind investor takes Spain award to US court

German conglomerate BayWa has asked a US court to enforce €22 million Energy Charter Treaty award against Spain compensating it for measures affecting its wind power investments.

18 August 2022

Spain fails to annul largest renewables award

An ICSID committee has upheld the largest award yet issued against Spain over its renewable energy reforms, rejecting arguments that the investor had “unclean hands” or that the tribunal should not have agreed to hear an intra-EU dispute.

28 March 2022

Japanese investor wins damages over Spanish solar reforms

An ICSID tribunal has ordered Spain to pay a Japanese investor over €23.5 million plus interest and costs after finding that changes to the state’s renewable energy regime frustrated its legitimate expectations.

25 November 2021

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