Region: Netherlands

An ICSID tribunal has ordered Spain to pay almost €25 million plus interest to affiliates of a UK-owned investment fund over reforms to the state’s renewable energy sector.

03 May 2023

A Dublin-based biopharma company says it has won an award against a subsidiary of Janssen Pharmaceuticals over licensing of nanotechnology used to treat schizophrenia and HIV – entitling it to back royalties of US$194 million and further royalties for more than a decade. 

26 April 2023

More details have emerged about Naftogaz’s multibillion-dollar win against Russia in an investment treaty dispute over seized Crimean assets – including the arbitrators’ disagreement over the effect of a temporal limitation in the treaty and the relevance of sunk costs.

13 April 2023

A group of Ukrainian companies have won damages in a treaty claim against Russia over the expropriation of Crimean real estate properties allegedly linked to businessman Igor Kolomoisky.

06 April 2023

A Dutch investor says it will bring a €56 million claim against Latvia in the country’s courts over a ban on mink fur farming – deciding against pursuing an intra-EU bilateral investment treaty case.  

27 March 2023

Uniper has withdrawn its controversial Energy Charter Treaty claim against the Netherlands over climate change legislation as a condition of a €34.5 billion bailout from the German government.

21 March 2023

A US court has allowed the claimants to be substituted in an action to enforce an Energy Charter Treaty award even as Spain warns their directors could face criminal penalties over the move.

13 March 2023

A US judge hearing two actions by solar investors to enforce ICSID awards worth a combined €333 million against Spain has issued injunctions to prevent the state from trying to halt the proceedings through litigation in the Netherlands and Luxembourg.

16 February 2023

UPDATED: A court in the Dubai International Financial Centre has rejected an Iraqi state oil company’s challenge to an ICC award despite the arbitrators’ finding that the claimant engaged in “unethical and illicit” conduct by making payments to a member of parliament.

13 February 2023

The Supreme Court of the Netherlands has dismissed India’s bid to set aside an investment treaty award in a bitter saga over a cancelled satellite deal.

03 February 2023