Spain Gets €128M Award To Renewables Investors Nixed
Law360 (June 12, 2020, 4:37 PM EDT) -- The International Centre for Settlement of Investment Disputes has unanimously annulled a €128 million ($144 million) arbitral award issued against Spain to a pair of renewable energy investors, concluding that the investors' appointed arbitrator had a conflict of interest.
The ad hoc committee found on Thursday that arbitrator Stanimir A. Alexandrov's undisclosed business relationship with the claimants' experts, The Brattle Group, which provides expert opinions on damages, had been improper. This is the first time that ICSID has set aside an award because the panel was improperly constituted, one of just five grounds on which ICSID awards can be annulled, according...
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!