InfraRed Environmental Infrastructure GP Limited v. Spain, ICSID Case No. ARB/14/12

  • >Claimant : InfraRed Environmental Infrastructure GP Limited
  • >Nationality : UK
  • >Respondent : Spain
  • >Procedural rules applied : ICSID
  • >Chair : Stephen Drymer
  • >Arbitrator appointed by Claimant : William Park
  • >Arbitrator appointed by Respondent : Pierre-Marie Dupuy
  • >Invoked instruments : ECT
  • >Articles mentioned : Article 36 (1)
  • , Article 36 (7)
  • , Article 26 (1)
  • , Article 26 (4)
  • , Article 26 (6)
  • , Article 21 (7)
  • , Article 21 (5)
  • , Article 21 (3)
  • , Article 21 (1)
  • , Article 13 (1)
  • , Article 10 (7)
  • , Article 10 (2)
  • , Article 10 (1)
  • , Article 1 (2)
  • , Article 1 (10)
  • , Article 2
  • , Article 10
  • , Article 13
  • , Article 16
  • , Article 18
  • , Article 25
  • , Article 26
  • , Article 46
  • >Breaches alleged :  
  • >Breaches found :(10.1) Fair and equitable treatment
  • >Case status : Award rendered
  • >Year of the award or agreement : 2019
  • >Follow-on proceedings : Pending ICSID annulment proceedings
  • >Year of registration : 2014

  • >Subject matter of the dispute: Legal reforms affecting the renewable energy sector
  • >Amount claimed: EUR 75.7 million
  • >Amount awarded: EUR 28.2 million
  • >Costs of arbitration: USD 1,285,515.4
  • >Award legal costs: Claimants were awarded 66.66% of the legal costs
  • >Award costs of arbitration: Costs follow the award

 

ARBITRAL DECISION

2 August 2019

Award 


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