Italy Challenges 190M Euro ICSID Award To Driller For Offshore Drilling Ban

Mealey's (November 18, 2022, 2:27 PM EST) -- WASHINGTON, D.C. — The Italian Republic has applied to the International Centre for Settlement of Investment Disputes (ICSID) to annul a more than 190-million-euro award against it for breaching the Energy Charter Treaty (ECT) by unlawfully expropriating three companies’ investments by prohibiting offshore drilling after its environmental ministry authorized their project....