ISDS Case Map
Spain
The objective was the agricultural development of Morocco's rural population and traditional farmers. It's been a fallacy because the rural population hasn't developed and Moroccan farmers haven't improved their situation.
Spain has lost a bid to claim immunity in a London court in a 120 million-euro ($129 million) case over cuts to renewable energy incentives.
This case concerns a dispute between Cavalum SGPS, S.A and the Kingdom of Spain about changes introduced by the respondent to the regulatory and economic regime for renewable energy projects.
The US fund Blasket Renewable Investments has activated the “default” clause that declares Spain at “technical impact” after the Government has not yet paid the pending awards for the cuts in the premiums for renewables.
The World Bank has sent a devastating letter to the Spanish government to demand payment of the awards that condemn our country to compensate the investors affected by the retroactive withdrawal of the premiums granted to renewable energies.
Leaders of Brazil and Spain hope long-delayed trade deal between the European Union and Mercosur trade bloc can be finalised by the end of the year.
Brazilian President Luiz Inácio Lula da Silva arrived in Spain on the second stop of a European tour aimed at resetting relations and making progress on a long-delayed trade deal between the European Union and the South American bloc Mercosur.
The decision recognised and enforced an ICSID arbitration award obtained by a renewable energy investor against the Spanish Government for €101 million.
The claims have been brought forward under the Energy Charter Treaty, an international convention which allows companies to sue signatory countries over decisions that affect their energy investments.
European Union foreign policy chief Josep Borrell announced on Sunday that Brussels is sticking to the association agreement with Algeria.
