2013
Eiser and Energía Solar v. Spain Eiser Infrastructure Limited and Energía Solar Luxembourg S.à r.l. v. Kingdom of Spain (ICSID Case No. ARB/13/36)
Spain
Luxembourg

United Kingdom
Interests in three concentrated solar power plants located in Spain.
Claims arising out of a series of energy reforms undertaken by the Government affecting the renewables sector, including a 7 per cent tax on power generators’ revenues and a reduction in subsidies for renewable energy producers.
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Crook, J. R.
Alexandrov, S. A.
McLachlan, C. A.
Decided in favour of investor
Decision on the Respondent’s request to address the objections to jurisdiction as a preliminary question dated 9 February 2015
256.00 mln EUR (279.50 mln USD)
128.00 mln EUR (139.80 mln USD)
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures

Umbrella clause

Indirect expropriation
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision annulled in its entirety
Ramírez Hernández, R. (President)

Hascher, D. (Member)

Khan, M. A. (Member)

Cheng, T. (Member) (replaced)
https://icsid.worldbank.org/en/Pages/cases/casedetail.aspx?CaseNo=ARB/13/36&tab=PR
http://www.energycharter.org/what-we-do/dispute-settlement/investment-dispute-settlement-cases/43-eiser-infrastructure-limited-and-energia-solar-luxembourg-sarl-v-spain/
http://globalarbitrationreview.com/news/article/32149/five-new-claims-lodged-icsid/ (requires subscription)
http://www.iareporter.com/articles/20140102 (requires subscription)
https://www.iareporter.com/articles/hearings-loom-in-previously-unpublicized-stockholm-energy-charter-treaty-claim-as-another-investor-pursues-icsid-claim/ (requires subscription)
http://www.minetad.gob.es/es-ES/GabinetePrensa/NotasPrensa/2017/Paginas/laudo-ciadi20170505.aspx
http://www.minetad.gob.es/es-es/gabineteprensa/notasprensa/2017/documents/170505%20np%20laudo%20ciadi.pdf
https://www.iareporter.com/articles/in-depth-arbitrators-in-eiser-award-deem-ect-to-protect-against-total-and-unreasonable-regulatory-change-but-tax-measure-is-excluded-spain-fails-to-admit-favourable-scc-award-into-evidence/ (requires subscription)
https://www.iareporter.com/articles/spains-arbitral-winning-streak-comes-to-a-halt-as-icsid-tribunal-awards-128-million-euro-plus-interest-for-changes-made-in-solar-sector/ (requires subscription)
http://globalarbitrationreview.com/article/1141015/spain-suffers-loss-in-solar-power-case (requires subscription)
http://globalarbitrationreview.com/article/1145059/spain-seeks-to-overturn-ect-defeat (requires subscription)
http://www.iareporter.com/articles/icsid-selects-three-panellists-to-hear-spains-bid-to-overturn-unfavourable-solar-dispute-award/ (requires subscription)
https://www.transnational-dispute-management.com/downloads/19804_Case_Report_Eiser_v_Spain_Award_2017.pdf
https://www.ecestaticos.com/file/d88ce7a07265dbf8d809b453b848f239/1514204320-186-881-tribunals-arbitratge.pdf
https://www.iareporter.com/articles/breaking-128-million-eur-spanish-renewables-award-is-annulled-as-ad-hoc-committee-finds-fault-with-arbitrators-undisclosed-relationship-to-claimants-damages-experts/ (requires subscription)
https://www.iisd.org/itn/en/2020/10/05/icsid-annulment-committee-annuls-eiser-v-spain-award-for-improper-constitution-of-the-tribunal-and-severe-departure-from-a-fundamental-rule-of-procedure/