Split Tribunal Says Spain Owes Investors 262M Euros After Resubmission

Mealey's ( October 21, 2025, 1:20 PM EDT) -- WASHINGTON, D.C. — More than five years after an International Centre for Settlement of Investment Disputes (ICSID) ad hoc committee annulled an award worth more than 128 million euros against Spain in favor of two European renewable energy investors due to an arbitrator’s “manifest appearance of bias,” a divided tribunal found that Spain breached the Energy Charter Treaty (ECT) and awarded the investors more than twice as much in damages....