Spain defeated in first intra-EU ICSID award since Achmea
Solar Panels (Credit: iStock.com/Catalin205)
COUNSEL AND AWARD ADDED. Spain has been ordered to pay €64.5 million following another defeat in an Energy Charter Treaty arbitration arising from reforms to its renewable power sector, with the tribunal also ruling that that the recent judgment in Achmea does not apply to multilateral treaties like the ECT.
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