- >Subject matter of the dispute: Legal reforms affecting the renewable energy sector
- >Amount claimed: EUR 81.8 million
- >Amount awarded: EUR 40.49 million
- >Valuation method: income-based approach (discounted cash flow)
- >Interest rate: host State's sovereign bonds (10-year)
- >Costs of arbitration: USD 714,012.15
- >Award legal costs: Each party bears its own legal costs
- >Award costs of arbitration: Costs follow the award
ARBITRAL DECISION
31 July 2019 |
RECTIFICATION PROCEEDING
5 December 2019 - Decision on the Rectification of the Award |
ANNULMENT PROCEEDINGS
26 August 2020 - Decision on Continuation of the Stay of Enforcement of the Award 22 February 2022 - Individual Opinion by Committee Member N. Fernando Pierola-Castro 16 March 2022 - Decision on Annulment |