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Analysis: Tribunal majority in Kruck v. Spain finds that Spain breached the claimants’ legitimate expectation of stable feed-in tariffs created by RD 661; Zachary Douglas dissents, deploring contract law-inspired interpretation of legitimate expectations doctrine which leads to strict liability

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ICSID tribunal regrets clash between fundamental norms of EU law and ECT arbitration, but dismisses Spain’s request to reopen intra-EU issue in view of Komstroy decision

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Long-running Vattenfall v. Germany arbitration is discontinued, following settlement between the parties

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Analysis: ICSID tribunal finds that requests for payments to Prague city district were arbitrary and in violation of FET, but it declines to award damages; remaining claims are dismissed

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[Updated] Vattenfall asks for discontinuance of ICSID arbitration against Germany, after settlement enters into force

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Revealed: Decade-old awards reveal that Tercier-chaired tribunal upheld jurisdiction over a round-trip investment under the ECT, but ultimately dismissed claims for harassment and discrimination on the merits

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TECO v. Guatemala saga continues, as the state files for annulment of resubmission award and seeks to focus attention on links between arbitrator and expert

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Germany’s constitutional court declines Achmea’s request for an order to halt ratification of intra-EU BIT Termination Agreement; PM decision reveals arguments about validity of the CJEU’s Achmea judgment

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Public hearings in high-profile Vattenfall v. Germany arbitration discuss valuation and recent Constitutional Court decision

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[Updated] In a Supplementary Decision, a resubmission tribunal in TECO v. Guatemala orders payment of interest on costs award, but arbitrators disagree on interest rate

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[UPDATED]: Vattenfall tribunal survives second bid by Germany to disqualify all members; PCA Secretary-General offered opinion on all grounds for challenge, including non-suspension during pandemic

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Analysis: Resubmission tribunal in TECO v. Guatemala muses on questions of res judicata and grants additional compensation for decreased electricity prices, but arbitrators disagree on further damages

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