RWE Innogy GmbH and RWE Innogy Aersa S.A.U. v. Spain, ICSID Case No. ARB/14/34

  • >Claimant : RWE Innogy GmbH, RWE Innogy Aersa S.A.U.
  • >Nationality : Germany, Spain
  • >Respondent : Spain
  • >Procedural rules applied : ICSID
  • >Chair : Samuel Wordsworth
  • >Arbitrator appointed by Claimant : Judd Kessler
  • >Arbitrator appointed by Respondent : Anna Joubin-Bret
  • >Invoked instruments : ECT
  • >Articles mentioned : Article 36 (7)
  • , Article 27 (3)
  • , Article 26 (1)
  • , Article 26 (3)
  • , Article 26 (4)
  • , Article 26 (6)
  • , Article 25 (1)
  • , Article 24 (2)
  • , Article 21 (7)
  • , Article 21 (5)
  • , Article 10 (8)
  • , Article 10 (7)
  • , Article 10 (1)
  • , Article 9 (4)
  • , Article 6 (1)
  • , Article 1 (2)
  • , Article 1 (3)
  • , Article 1 (6)
  • , Article 1 (7)
  • , Article 1 (8)
  • , Article 1 (10)
  • , Article 1
  • , Article 2
  • , Article 10
  • , Article 13
  • , Article 16
  • , Article 21
  • , Article 24
  • , Article 25
  • , Article 26
  • >Breaches alleged :  
  • >Breaches found :(10.1) Unreasonable or discriminatory measures
  • (10.1) Fair and equitable treatment
  • >Case status : Award rendered
  • >Year of the award or agreement : 2020
  • >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 267.7 million
  • >Amount awarded: EUR 28,080,000
  • >Valuation method: income-based approach
  • > Interest rate: host State's sovereign bonds (10-year)
  • >Costs of arbitration: USD 1,431,480.72
  • >Award legal costs: Claimants were awarded EUR  2,373,909.24 (50% of legal costs for  jurisdiction and liability phase)
  • >Award costs of arbitration: Costs follow the award

 

ARBITRAL DECISIONS


Back