2013
Antin v. Spain Antin Infrastructure Services Luxembourg S.à.r.l. and Antin Energia Termosolar B.V. v. Kingdom of Spain (ICSID Case No. ARB/13/31)
Spain
Luxembourg

Netherlands
Direct and indirect shareholding in two solar thermo plants in Andalucía, 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)
Zuleta, E.
Orrego Vicuña, F. (replaced)
Reichert, K.
Thomas, J. C.
Decided in favour of investor
Decision on the Respondent’s request to address the objections to jurisdiction as a preliminary question dated 2 March 2015
196.00 mln EUR (229.60 mln USD)
101.00 mln EUR (115.30 mln USD)
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures

Umbrella clause
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
ICSID annulment proceedings
ICSID annulment proceedings
Pending
None
Bull, C. (President)

Moreno Rodríguez, J. A. (Member)

Comair-Obeid, N. (Member)
https://icsid.worldbank.org/en/Pages/cases/casedetail.aspx?CaseNo=ARB/13/31
http://globalarbitrationreview.com/news/article/32091/spain-faces-claims-renewables-investors/ (requires subscription)
http://www.iareporter.com/articles/20131205 (requires subscription)
http://www.energycharter.org/what-we-do/dispute-settlement/investment-dispute-settlement-cases/41-antin-infrastructure-services-luxembourg-sarl-and-antin-energia-termosolar-bv-v-spain/
https://www.ecestaticos.com/file/d88ce7a07265dbf8d809b453b848f239/1514204320-186-881-tribunals-arbitratge.pdf
https://www.iareporter.com/articles/antin-v-spain-part-1-arbitrators-see-extensive-due-diligence-by-investors-in-concentrated-solar-power-sector-and-reject-a-series-of-jurisdictional-and-admissibility-objections/ (requires subscription)
https://www.iareporter.com/articles/antin-v-spain-part-2-spain-breached-investors-legitimate-expectations-when-eliminating-essential-features-of-regulatory-framework-despite-previous-representations-of-legal-stability/ (requires subscription)
https://globalarbitrationreview.com/article/1170705/spain-suffers-fourth-solar-loss (requires subscription)
https://www.iareporter.com/articles/spanish-solar-cases-at-icsid-one-award-is-challenged-and-committee-is-formed-to-hear-another-previously-filed-annulment-application/ (requires subscription)
https://www.iareporter.com/articles/antin-v-spain-three-are-named-to-ad-hoc-committee-that-will-decide-fate-of-icsid-solar-award/ (requires subscription)
https://www.italaw.com/sites/default/files/case-documents/italaw10735.pdf