The European Court of Justice on June 18 canceled a European Commission decision dating 2015, which established that Romania’s payment of compensation to Romanian-Swedish investors Ioan and Viorel Micula constituted illegal state aid. The European Commission also ordered the Romanian Government to recover the money already paid to the investors following an international court’s decision.
A US arbitration court has rejected a German government petition that said the panel had no right to rule on a damages claim by Sweden’s Vattenfall. Berlin cited a ruling by the Court of Justice of the European Union.
The German cabinet has confirmed that two utilities operating in Germany are entitled to compensation for losses stemming from the country’s nuclear phaseout. The move is in line with an earlier top court ruling.
Al Amoudi recently filed a complaint against Morocco at the World-bank affiliated ICSID thus ending a series verbal threats the Saudi investor has been brandishing since 2015 against Moroccan investment authorities.
Comme il menaçait de le faire depuis 2015, l’actionnaire majoritaire de la Samir, cheikh Al Amoudi a finalement eu recours à la procédure d’arbitrage de la Banque mondiale dans le litige qui l’oppose à l’État marocain.
En esta ocasión, las demandantes encabezadas por la holandesa The Williams Companies International Holdings B.V., cambian de despacho en relación a la demanda de arbitraje que interpusieron en 2011 también ante el CIADI.
Argentina introduced a number of new restrictions on foreign currency transactions, reversing its four-year-old policy that had eliminated such controls, which may give rise to investment treaty claims by foreign investors.
La compañía de energías renovables VM Solar Jerez junto a otros cinco demandantes alemanes han presentado la demanda de arbitraje de inversiones número 35 por las reformas energéticas, relacionadas con las renovables.