ISDS Case Map
Spain
The EC claimed intra-EU investment treaty arbitration is in breach of EU law. If the CJEU were to confirm the decision of the EC, the application of the ICSID Convention within the EU would be seriously endangered.
The recent Eiser v. Spain ICSID award is yet another example of a state being condemned to pay a large monetary sum merely because an investor has been economically disadvantaged by a reasonable and necessary regulatory change.
The Government has created a committee of public employees to conduct defence of Spain against avalanche international lawsuits brought by large investment firms.
In the last few months, the long-lasting dispute between Mr Pey Casado and the Foundation Presidente Allende and the Republic of Chile has seen numerous developments.
The Government of Spain has submitted to international arbitration tribunal ICSID appeal against the ruling which condemned him to pay 128 million euros plus interest to the British firm Eiser Infrastructure.
Litigation funder Burford Capital stands to take home roughly $140 million from a $324 million recovery against the government of Argentina.
One should be cautious with jumping to conclusions for the still pending Spanish ECT cases.
The World Bank's arbitration tribunal has ordered Argentina to pay $320 million plus interest and legal fees to Spanish travel group Marsans for expropriating its airline Aerolineas Argentinas SA in 2008.
Spain’s agricultural sector is concerned about free trade negotiations between the European Union and third parties. The agreement with Canada (CETA) and ongoing talks with South American trade bloc Mercosur are raising doubts in the Iberian countryside.
The Spanish parliament has ratified the Comprehensive Economic and Trade Agreement (CETA), the free trade agreement between the EU and Canada.
