ICSID Committee Rejects Spain’s Bid To Annul 40M Euro Award To German Investor

Mealey's (April 7, 2022, 1:56 PM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) ad hoc committee on March 16 by majority denied the Kingdom of Spain’s application to annul an award issued to a German energy investor for breaches of the Energy Charter Treaty (ECT), while one committee member dissented on part of the award’s damages calculation and the committee’s allocation of costs....