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RWE v. Spain tribunal awards 28 million EUR in compensation under the ECT; co-arbitrator writes separate opinion, distinguishing between two schools of thought in investor-state arbitration

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In latest Spain ruling, arbitrators find no violation of RWE’s legitimate expectations, but see a breach of the ECT’s proportionality requirement

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Analysis: in previously-confidential SolEs Badajoz v. Spain award, arbitrators lay out reasons for finding jurisdiction and awarding €40 million to investor for breach of the ECT

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Newly-surfaced A11Y v. Czech Republic decisions reveal Fortier-chaired tribunal’s reasoning on unusual umbrella clause, cooling-off periods and veil-piercing – as well as tribunal disagreements on application of MFN and objective criteria for investment

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While rejecting merits of pending challenge, Alexandrov resigns, citing the fact that one of his two co-arbitrators has seeming doubts of his impartiality; Joubin-Bret also steps aside to take key UNCITRAL post

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Co-arbitrators declare themselves to be “equally divided” on challenge to third tribunal member, thus putting ICSID in the driver’s seat

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Spain follows up on its annulment strategy by filing a request to disqualify arbitrator

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Narrow investor-state clause bars investor (A11Y Ltd.) from pursuing FET claim vs Czech Republic, but intra-EU BIT objection is rejected and expro claim will go forward

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In newly-released Lundin v. Tunisia ruling, arbitrators affirm jurisdiction over tax dispute and concede scope for a state to seek moral damages for reputational harm

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Spain update: more claims surface in Stockholm and at ICSID, and several new tribunals are finalized

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ICSID renewables claims against Spain reach 23, along with some signs of repeat arbitrator appointments – but no common chairs as yet

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Czech Republic: Govt releases cache of BIT awards, strives to collect costs orders, and currently faces eleven pending treaty claims

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