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Analysis: ICSID ad hoc committee dismisses Spain’s efforts to annul OperaFund award, stressing that the state’s profound belief that the award is wrong is not a basis for annulment

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ICSID committee declines to annul OperaFund v. Spain award, stressing that tribunal’s analysis on intra-EU issue was “methodical and logical”; investor is awarded full costs

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Arbitrators comings and goings: a new committee, a resignation, and a reconstituted tribunal

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In newly-uncovered ruling, annulment committee opts to lift stay of enforcement, seeing risk that state will not honour the award if annulment fails

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Three are in place to hear Spain’s bid to annul award in which a majority found an “express stability commitment” in Spain’s renewables framework

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$50 mil Bolivia award is upheld even though arbitrators used valuation method different from those of the parties; new decision casts doubt on power to annul provisional measures or arbitrator disqualification rulings

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A stay of award is kept in place in Bolivia case, and ad-hoc committee picks a side in debate over powers to order posting of bank guarantees

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