Region: Spain

Morocco dragged to ICSID over satellite cities project

A Spanish construction company has brought a €407 million ICSID claim against Morocco over a thwarted project to build two satellite cities to combat urban congestion.

16 June 2022

ICSID panel upholds renewables award against Spain

An ICSID annulment committee has upheld a €60 million renewables award won against Spain by Deutsche Bank-affiliated funds, dismissing arguments the arbitral tribunal wrongly upheld jurisdiction over the intra-EU dispute and should have applied EU state aid law.

16 June 2022

Spain fails in latest solar award challenge

An ICSID annulment committee has upheld a €28 million Energy Charter Treaty award won by a group of UK renewables investors against Spain, dismissing arguments the claimants fraudulently lied about the capacity of their solar facilities to access subsidies.

14 June 2022

Spanish court revives Pey Casado saga

A Spanish court has frozen assets of Chile’s national copper company after ruling that the state should pay US$552 million to satisfy a 14-year old ICSID award relating to the seizure of a newspaper during the Pinochet era.

09 June 2022

Spain challenges ICSID panel over alleged bias

Spain has challenged an ICSID tribunal hearing one of the many renewables-related claims it is facing, arguing the arbitrators have shown bias through a series of procedural decisions.

20 May 2022

Spain hit with another ECT award

A divided ICSID tribunal has ordered Spain to pay almost €33 million to a Mexican billionaire’s company over cuts to the state’s renewable energy subsidy regime.

10 May 2022

Dispute over Mexican broadcaster settles at ICC

Spanish and Mexican media companies have agreed to settle a shareholder dispute over control of a Mexican radio broadcaster that gave rise to ICC arbitration as well as conciliation and emergency arbitrator proceedings.

26 April 2022

Colombia faces second ICSID claim over refinery project

A US-owned engineering company has launched an ICSID claim against Colombia after being hit with a billion-dollar fine following an investigation into a troubled oil refinery expansion project – as a Spanish water utility instructs counsel for another claim against the state.

07 April 2022

German investment fund behind latest Spain claim

Three dozen subsidiaries of a German investment fund have launched the latest Energy Charter Treaty arbitration against Spain over reforms to its subsidy regime for renewable energy.

07 April 2022

ICSID round-up: a defeated claim, an award upheld and new cases

An ICSID tribunal has dismissed a claim worth more than US$95 million brought by US mining companies against Rwanda, while Spain has failed to overturn a renewables award and there are new cases against Romania and Iraq.

04 April 2022

Unlock unlimited access to all Global Arbitration Review content