ISDS Case Map
Luxembourg
Funds used fossil-fuel friendly tool to fight back when countries pulled renewable energy incentives, hurting their green investments.
No hearing date or location set in Russian tycoon Mikhail Fridman’s arbitration case over assets frozen by the Grand Duchy’s government.
The Latin America Regional Aviation Holding has intensified its legal dispute with Uruguay following the country’s failure to comply with the arbitral award related to the closure of Pluna.
Mikhail Fridman files international arbitration case against Luxembourg after country froze his assets when he was hit by EU sanctions.
The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) tribunal unanimously rejected a USD 600 million claim by depositors and bondholders of Laiki Bank and the Bank of Cyprus.
Luxembourg’s energy minister who used to be at the forefront of calls to withdraw from the Energy Charter Treaty, has backtracked on his earlier statements, saying the EU should first aim to redouble efforts to reform.
The Luxembourg Ministry of Foreign Affairs said that it "will not be able to give its support" to the signing of the EU-Mercosur agreement, asking for "additional commitments in the fight against climate change and deforestation.
The impending vote has sparked anger from environmental organisations. Stop TTIP/CETA and Votum Klima for instance called the vote a political scandal.
Critics say the Energy Charter provides excessive legal protection for oil and gas companies, which can claim uncapped reparations from governments who frustrate investments in fossil fuel projects.
Luxembourg has joined a small number of countries to oppose signing of the Mercosur agreement in a bid to curb massive burning of the Amazon rainforest.
