Spain Gets Win On Intra-EU Objection In $78M Solar Claim
By Caroline Simson (June 22, 2022, 1:13 PM EDT) -- An investor-state tribunal has dismissed a claim brought by renewable energy investors against Spain under an intra-EU jurisdictional objection, marking the first time that a tribunal has concluded such a claim is barred under several recent decisions from Europe's highest court.
The tribunal, composed of chairman Hans van Houtte and wing arbitrators Inka Hanefeld and Jorge E. Viñuales, concluded in a June 16 award that the arbitration brought by the Danish investors Green Power Partners K/S and SCE Solar Don Benito APS could not proceed. The companies were seeking a combined €74.3 million ($78.6 million) after Spain dialed back and eventually...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!