Industry: Energy

A Mexican business lobby has warned the government of President Andres Manuel Lopez Obrador that proposed reforms to the country’s electric market amount to “indirect expropriation” and may lead investors to file treaty claims.

03 February 2021

The Italian government has applied to annul an ICSID award requiring it to pay over €18 million to a German solar investor in compensation for changes to the incentives regime for renewable energy.

22 January 2021

Jordan and one of its state-owned entities have launched ICC claims against a company awarded a US$2.1 billion contract to build a power station and mine as part of China’s Belt and Road initiative.

20 January 2021

UPDATED: A Colombian public utility is seeking US$1.6 billion from a Spanish insurer following the collapse of a hydroelectric dam which caused a major flood, while another billion-dollar dispute with the consortiums behind the project has also gone to arbitration.

18 January 2021

Before the holiday break, ICSID saw another solar award rendered against Spain, a stay lifted in another renewables case, a new €100 million claim against Albania and the settlement of a US$500 million claim against Uzbekistan.

04 January 2021