ICSID Tribunal Orders Italy To Pay More Than 17.7M Euros To Solar Power Investors

(October 26, 2020, 10:21 AM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID)  tribunal majority on Sept. 14 awarded more than 17.7 million euros in damages and legal fees plus pre- and post-award interest to a group of German and Austrian investors whose investments in solar power plants in the Italian Republic were found to have been harmed by Italy’s reduction of incentive tariffs for solar power (ESPF Beteiligungs GmbH, et al. v. Italian Republic, No. ARB/16/5, ICSID)....

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