ICSID Tribunal Dismisses 59 Renewable Energy Investors’ Claims Against Italy

(March 14, 2024, 12:32 PM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) tribunal dismissed all claims for damages against the Italian Republic brought by 59 European entities for allegedly breaching the Energy Charter Treaty (ECT) by impairing their energy investments, finding that Italy’s reduction of incentive tariffs based on local governance issues did not breach the ECT....