Madrid Arbitration Court Finds Spain Did Not Breach Energy Charter Treaty
(January 26, 2016, 2:14 PM EST) -- MADRID, Spain — The Spanish Ministry of Industry, Energy and Tourism on Jan. 25 announced that the Court of Arbitration of Madrid has issued an award, finding that the Kingdom of Spain did not breach the Energy Charter Treaty (ECT) in relation to changes made to the regulatory framework for renewable energy premiums (Charanne B.V. & Construction, Investments S.A.R.L. v. Kingdom of Spain, No. 062/2012, Madrid Arb.).
(Award available in Spanish. Document #05-160223-001A.)
The ministry said that the court dismissed a lawsuit filed by Charanne B.V....