€64.5M Award Against Spain Flouts EU Law, Court Told

Law360 (May 6, 2019, 8:08 PM EDT) -- The European Commission wants to weigh in on a D.C. federal court case involving Spain's opposition to a €64.5 million ($72.3 million) arbitration award in a solar energy dispute, saying the award never should have been made.

The commission floated a proposed amicus brief on Friday arguing that Netherlands-incorporated Masdar Solar & Wind Cooperatief UA's claims over the price of solar power shouldn't have gone to arbitration. The EC argued that the Energy Charter Treaty relied upon doesn't apply to intra-European Union disputes and the treaty's arbitration provision defies the bloc's laws. Although it is Dutch-incorporated, Masdar is a state-owned company...

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September 28, 2018

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