The German Nuclear Phase-Out Put to the Test in International Investment Arbitration? Background to the new dispute Vattenfall v. Germany (II)
The Swedish energy company Vattenfall has now followed through on its threat to bring an international arbitration claim against Germany in relation to that country's recent decision to phase out nuclear power.
On May 31, 2012, the dispute was registered at the International Centre for the Settlement of Investment Disputes (ICSID). According to earlier reporting, damages claimed by Vattenfall could exceed €700 million.German translation republished with permission PowerShift
Additional downloads
You might also be interested in
The State of Play in Vattenfall v. Germany II: Leaving the German public in the dark
Two years after Vattenfall brought Germany to international arbitration for a second time (Vattenfall II), the German public is still left out in the dark. This briefing note reviews the background to the case on Germany’s decision to phase out nuclear power and outlines its current state of play.
Background paper on Vattenfall v. Germany arbitration
This paper provides background on an investment dispute between the Swedish energy utility Vattenfall and the Government of Germany pursuant to the Energy Charter Treaty.
Newly Released Text for Modernized Energy Charter Treaty Shows Too Many Potential Obstacles for Climate Action
The text of the agreement in principle to modernize the Energy Charter Treaty (ECT) leaves unanswered too many crucial questions about the possibility of further fossil fuel carveouts and the exact timing of its entry into force—key factors that will determine its climate impact.
EXPLAINER-Obscure energy treaty threatens huge state losses over climate action
British oil and gas company Rockhopper has won more than £210 million ($245 million) in a lawsuit over Italy’s ban on offshore drilling, fuelling concern among climate experts about the impact of a controversial energy treaty used to bring the claim.