2014
Blusun v. Italy Blusun S.A., Jean-Pierre Lecorcier and Michael Stein v. Italian Republic (ICSID Case No. ARB/14/3)
Italy
Belgium

France

Germany
Interests in a photovoltaic energy generation project in Italy.
Claims arising out of Italy's modification to its solar power regime which reduced the level of feed-in-tariffs available in future, allegedly affecting claimants' investment in a photovoltaic energy generation project in that country.
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Crawford, J. R.
Alexandrov, S. A.
Dupuy, P.-M.
Decided in favour of State
187.80 mln EUR (196.30 mln USD)
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Indirect expropriation

Other
None - all claims dismissed at the merits stage
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision upheld
Khan, M. A. (Member)

Shin, H.-T. (Member)

Ramírez Hernández, R. (President)

McRae, D. M. (President) (replaced)
https://icsid.worldbank.org/en/Pages/cases/casedetail.aspx?CaseNo=ARB/14/3
http://www.energycharter.org/what-we-do/dispute-settlement/investment-dispute-settlement-cases/51-blusun-sa-jean-pierre-lecorcier-and-nichael-stein-v-italy/
www.iareporter.com/articles/20140630_1 (requires subscription)
http://www.iareporter.com/articles/20140224_1 (requires subscription)
http://globalarbitrationreview.com/news/article/33231/italy-risks-claims-solar-subsidies/ (requires subscription)
http://globalarbitrationreview.com/news/article/33745/italy-quit-energy-charter-treaty/ (requires subscription)
https://www.iareporter.com/articles/in-blusun-v-italy-award-intra-eu-objection-is-rejected-ects-environmental-impact-provision-is-interpreted-and-arbitrators-have-concerns-about-lawfulness-of-investment-but-see-repeated-ac/ (requires subscription)
https://www.iareporter.com/articles/analysis-in-new-award-italian-renewables-changes-appear-less-dramatic-than-those-in-recent-spain-case-thus-leading-to-failure-of-blusuns-fet-claim-arbitrators-disagree-on-expropriation-assessmen/ (requires subscription)
https://www.iareporter.com/articles/icsid-annulment-round-up-requests-filed-in-relation-to-awards-involving-italy-hungary-argentina-and-venezuela/ (requires subscription)
http://globalarbitrationreview.com/article/1142250/solar-power-investor%E2%80%99s-claim-against-italy-survives-threshold-challenge (requires subscription)
http://globalarbitrationreview.com/article/1142728/light-shed-on-italys-solar-win (requires subscription)
https://www.transnational-dispute-management.com/legal-and-regulatory-detail.asp?key=21915