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RREEF v. Spain

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Case Details

Year of Filing: 2013

Case Status: Annulment Pending

Claimant(s): RREEF Infrastructure (G.P.) Ltd and RREEF Pan-European Infrastructure Two Lux S.a.r.l.

Respondent(s): Kingdom of Spain

Arbitral Rules: ICSID

Legal Instrument: Treaty

Treaty: Energy Charter Treaty

Administrative Case Number: ARB/13/30

Arbitral Tribunal

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Major Developments

Key Decision:

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Counsel

Counsel for Claimant:

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Prior IAReporter Coverage of RREEF v. Spain

Committee orders continued stay of enforcement of RREEF v. Spain award, citing concerns about non-recoupment Oct 29, 2020
RREEF and Stadtwerke are said to renounce their arbitration claims against Spain Oct 22, 2020
Lawrence Boo is tapped to chair ICSID committee in RREEF v. Spain annulment proceedings Jul 18, 2020
Spain applies for annulment of RREEF award Apr 15, 2020
In final RREEF v. Spain award, arbitrators award close to €60 million in compensation for failure to provide a reasonable rate of return Dec 17, 2019
In RREEF v. Spain, dissenting arbitrator Robert Volterra finds ECT breaches beyond mere failure to provide a reasonable rate of return, and criticizes majority’s support for tribunal-appointed damages expert Apr 8, 2019
ICSID annulment committee allows European Commission to intervene in an ECT case, but limits intervention to EC’s complaint about earlier tribunal’s decision to oblige amicus curiae to make costs undertakings Mar 26, 2019
A new Spain ruling surfaces, revealing that tribunal majority sees a more limited legitimate expectation: to reasonable rate of return for energy investors, but not to broader regulatory stability Mar 17, 2019
Spain solar claims update: jurisdictional ruling comes down in an ICSID case, as a pair of awards loom – and two more ECT arbitrations get under way Jul 4, 2016
Arbitrators finalized for Dagher v. Sudan, African Petroleum v. Gambia, more Spain solar cases, and Rose Levy v. Peru annulment committee Aug 17, 2014
Foreign investment arbitral claims continue to pile up on Spain, as government turns screws on energy sector Dec 5, 2013
New arbitration threat looms for Spain as legislature debates new measures affecting solar-thermal energy Nov 12, 2012