Split Tribunal Denies Bulk Of Japanese Investor’s ECT Claims Against Spain

Mealey's (April 8, 2021, 2:28 PM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) tribunal majority in a decision published March 26 rejected most of a Japanese investor’s claims against the Kingdom of Spain for breaching the Energy Charter Treaty (ECT) by rescinding incentive tariffs for renewable energy investments, while a dissenting arbitrator critiqued the majority’s finding that Spain did not make binding commitments to the investor....