Committee Denies Spain’s Attempt To Annul $29.3M Award To Solar Investors

Mealey's (March 27, 2023, 10:14 AM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) ad hoc committee rejected the Kingdom of Spain’s application to annul a split tribunal’s $29.3 million award against it for violating the Energy Charter Treaty (ECT) by rescinding legislative incentives that harmed the investments of two European claimants and ordered Spain to pay the claimants more than 462,000 euros in attorney fees and costs....