ITN July 2018

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News in Brief

  • European Commission communication on protection of intra-EU investment rejects ECT as a basis for intra-EU ISDS
  • Update on EU trade and investment negotiations: Japan, Vietnam, Australia, New Zealand, Mexico
  • United States Trade Representative outlines plan to negotiate model free trade agreement with sub-Saharan African country
  • UNCITRAL Working Group III continues debate on ISDS concerns and multilateral reform

Awards and Decisions

  • ICSID tribunal finds Spain in breach of the FET standard under the Energy Charter Treaty (Masdar Solar & Wind Cooperatief U.A. v. The Kingdom of Spain, ICSID Case No. ARB/14/1), by Trishna Menon
  • Kosovo’s jurisdictional objections prevail against claims of German investor (ACP Axos Capital GMBH v. Republic of Kosovo, ICSID Case No. ARB/15/22), by Kirrin Hough
  • UNCITRAL tribunal declines jurisdiction as France–Mauritius BIT does not apply to dual national investor (Dawood Rawat v. The Republic of Mauritius, PCA Case 2016-20), by Pietro Benedetti Teixeira Webber
  • Investor ordered by ICSID tribunal to pay Canadian government CAD 9 million following failed NAFTA claim (Mercer International Inc. v. Government of CanadaICSID Case No. ARB(AF)/12/3), by Matthew Levine
  • Luxembourg fund awarded EUR 53.3 for FET breach arising out of Spain’s curtailment of renewable energy incentive schemes (Novenergia II – Energy & Environment (SCA) (Grand Duchy of Luxembourg), SICAR v. The Kingdom of Spain, SCC Case No. 063/2015), by Gladwin Issac

Resources and Events