2016
Biram and others v. Spain Aharon Naftali Biram, Gilatz Spain SL, Redmill Holdings Ltd and Sun-Flower Olmeda GmbH v. Kingdom of Spain (ICSID Case No. ARB/16/17)
Spain
Germany

United Kingdom
Investments in photovoltaic plants.
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)
Bernardini, P. (replaced)
Johnson, O. T.
Greenwood, C.
Kohen, M. G.
Decided in favour of investor
Award dated 22 June 2021
Dissenting Opinion by Marcelo G. Kohen
69.00 mln EUR (80.10 mln USD)
47.30 mln EUR (56.30 mln USD)
Data not available
Data not available
ICSID annulment proceedings
ICSID annulment proceedings
Pending
None
Jiménez Figueres, D. (President)

De Quadros, F. (Member)

Riofrio Piché, M. (Member)