Organisation: Deutsche Bank
Spain ordered to pay German solar investor
An ICSID tribunal has ordered Spain to pay nearly €28 million to a German investor, nearly a year after finding that reforms to the country’s renewable energy subsidy regime frustrated the claimant’s legitimate expectations.
18 August 2021
Kazakhstan hunts claimant's assets after Soviet treaty win
After defeating a US$917 million claim under a Soviet investment treaty and winning costs, Kazakhstan has applied for discovery from various US banks to track down the claimant's assets and sources of funding.
06 November 2020
ICSID panel sets conditions for lifting stay of Conoco award
An ICSID annulment committee has agreed to lift a stay of enforcement on ConocoPhillips’ US$9 billion award against Venezuela subject to conditions – while again refusing to exclude lawyers instructed by the country’s opposition leader Juan Guaidó.
04 November 2020
More renewables investors drop Spain claims
Investors in three separate investment treaty disputes with Spain have reportedly agreed to drop their claims following the introduction of the state’s new renewables incentives regime.
21 October 2020
Spain solar case moves to quantum phase
An ICSID tribunal has found Spain liable for breaching a German solar investor’s legitimate expectations through the state’s renewable energy reforms – but said it would apply a discount to the damages awarded.
14 October 2020
Renewables investors to renounce awards against Spain
A Dutch energy company will waive a €64.5 million Energy Charter Treaty award against Spain in order to qualify for the state’s new renewables incentives regime, while two other award creditors may soon follow suit.
06 October 2020
Reprieve for Maduro in battle over Venezuelan gold
The Court of Appeal in London has ruled that the UK government’s recognition of Juan Guaidó rather than Nicolás Maduro as lawful president of Venezuela is not necessarily conclusive for the purpose of determining who has control over US$1.95 billion in gold reserves held by the Bank of England.
05 October 2020
Teare returns to London chambers
Sir Nigel Teare has retired as the lead judge in London's Commercial Court – a role which has seen him rule on many high-profile arbitration-related cases – to join the arbitrator wing at Quadrant Chambers.
30 September 2020
Who is sitting at ICSID?
Nine panels have been formed at ICSID in the past six weeks, including two arbitrators accepting their first-ever appointments at the centre – Germany’s Maxi Scherer and Arnaud de Nanteuil of France.
24 July 2020
US appeals courts split on discovery for commercial arbitration
A US appeals court has refused to allow a Chinese businessman to obtain documents for use in a CIETAC proceeding – cementing a divide between the country's courts on whether they can grant discovery in aid of foreign commercial arbitrations.
08 July 2020