€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...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!