2015
SolEs Badajoz v. Spain
SolEs Badajoz GmbH v. Kingdom of Spain
(ICSID Case No. ARB/15/38)
Spain
Germany
Ownership of Fotones de Castuera, a Spanish company operating two photovoltaic plants (Badajoz I and Badajoz II) in the Autonomous Region of Extremadura, 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)
Donoghue, J. E.
Alexandrov, S. A. (replaced)
Joubin-Bret, A. (replaced)
Williams, D. A. R.
Sacerdoti, G.
Decided in favour of investor
Decision on the Rectification of the Award dated 5 December 2019
95.80 mln EUR (106.80 mln USD)
40.50 mln EUR (44.90 mln USD)
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Indirect expropriation
Umbrella clause
Indirect expropriation
Umbrella clause
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision upheld
Bull, C. (President)
Ó Hoisín, C. (Member)
Pierola Castro, N. F. (Member)
Ó Hoisín, C. (Member)
Pierola Castro, N. F. (Member)
https://icsid.worldbank.org/en/Pages/cases/casedetail.aspx?caseno=ARB/15/38&tab=PRO
https://www.iareporter.com/articles/as-cases-pile-up-spain-sits-on-new-arbitral-award-from-icsid-arbitration/ (requires subscription)
http://www.energycharter.org/what-we-do/dispute-settlement/investment-dispute-settlement-cases/83-soles-badajoz-gmbh-v-spain/
https://www.ecestaticos.com/file/d88ce7a07265dbf8d809b453b848f239/1514204320-186-881-tribunals-arbitratge.pdf
https://www.iareporter.com/articles/breaking-spain-ordered-to-pay-soles-badajoz-gmbh-40-million-in-energy-charter-treaty-case-heard-by-donoghue-williams-and-sacerdoti/ (requires subscription)
https://www.iareporter.com/articles/analysis-in-previously-confidential-soles-badajoz-v-spain-award-arbitrators-lay-our-reasons-for-finding-jurisdiction-and-awarding-e40-million-to-investor-for-breach-of-the-ect/ (requires subscription)
https://globalarbitrationreview.com/article/1195846/spain-ordered-to-pay-in-latest-solar-award (requires subscription)
https://www.iareporter.com/articles/as-cases-pile-up-spain-sits-on-new-arbitral-award-from-icsid-arbitration/ (requires subscription)
http://www.energycharter.org/what-we-do/dispute-settlement/investment-dispute-settlement-cases/83-soles-badajoz-gmbh-v-spain/
https://www.ecestaticos.com/file/d88ce7a07265dbf8d809b453b848f239/1514204320-186-881-tribunals-arbitratge.pdf
https://www.iareporter.com/articles/breaking-spain-ordered-to-pay-soles-badajoz-gmbh-40-million-in-energy-charter-treaty-case-heard-by-donoghue-williams-and-sacerdoti/ (requires subscription)
https://www.iareporter.com/articles/analysis-in-previously-confidential-soles-badajoz-v-spain-award-arbitrators-lay-our-reasons-for-finding-jurisdiction-and-awarding-e40-million-to-investor-for-breach-of-the-ect/ (requires subscription)
https://globalarbitrationreview.com/article/1195846/spain-ordered-to-pay-in-latest-solar-award (requires subscription)