RENERGY S.à.r.l. v. Spain, ICSID Case No. ARB/14/18

  • >Claimant : RENERGY S.à.r.l.
  • >Nationality : Luxembourg
  • >Respondent : Spain
  • >Procedural rules applied : ICSID
  • >Chair : Bruno Simma
  • >Arbitrator appointed by Claimant : Christoph Schreuer
  • >Arbitrator appointed by Respondent : Philippe Sands
  • >Invoked instruments : ECT
  • >Articles mentioned : Article 36 (7)
  • , Article 34 (3)
  • , Article 26 (1)
  • , Article 26 (2)
  • , Article 26 (3)
  • , Article 26 (4)
  • , Article 26 (5)
  • , Article 26 (6)
  • , Article 26 (7)
  • , Article 26 (8)
  • , Article 21 (7)
  • , Article 21 (5)
  • , Article 21 (3)
  • , Article 21 (1)
  • , Article 17 (1)
  • , Article 16 (2)
  • , Article 13 (1)
  • , Article 13 (3)
  • , Article 10 (8)
  • , Article 10 (7)
  • , Article 10 (3)
  • , Article 10 (2)
  • , Article 10 (1)
  • , Article 1 (2)
  • , Article 1 (3)
  • , Article 1 (6)
  • , Article 1 (7)
  • , Article 1 (8)
  • , Article 1 (9)
  • , Article 1 (10)
  • , Article 1
  • , Article 2
  • , Article 13
  • , Article 16
  • , Article 17
  • , Article 25
  • , Article 26
  • , Article 27
  • , Article 28
  • , Article 36
  • , Article 40
  • , Article 42
  • , Article 46
  • , Article 47
  • >Breaches alleged :  
  • >Breaches found :(10.1) Fair and equitable treatment
  • >Case status : Award rendered
  • >Year of the award or agreement : 2022
  • 2014

  • >Subject matter of the dispute: Legal reforms affecting the renewable energy sector
  • >Amount claimed: EUR 141 million
  • >Amount awarded: EUR 32,896,240
  • >Valuation method: income-based approach (discounted cash flow)
  • >Interest rate: host State's sovereign bonds (10-year)
  • >Costs of arbitration: USD 1,801,865.44
  • >Award legal costs: Each party bears its own legal costs
  • >Award costs of arbitration: Parties share costs equally  

 


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