Spain can’t get $45m award for energy investor

By Caroline Simson (March 17, 2022, 9:09 p.m. EDT) – Spain has lost its bid to set aside a $45 million arbitration award to a German energy investor after the country revoked measures to encourage investment in the renewable energy sector, as his argument that a former tribunal member had been unfair failed to gain traction.

The International Center for Settlement of Investment Disputes panel concluded in its decision on Wednesday that Spain had failed to demonstrate that the proceedings were tainted by arbitrator Stanimir A. Alexandrov, who resigned from the tribunal in 2017. because of his undisclosed professional relationship with the plaintiff’s experts. , The Brattle Group.

Spain, which requested the annulment…

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