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2014
Alpiq v. Romania Alpiq AG v. Romania (ICSID Case No. ARB/14/28)
Nationality of the parties
Romania
Switzerland
Summary of matters at issue
Rights under two electricity generation and distribution contracts concluded between claimant's local subsidiaries and a Romanian State-owned entity.
Claims arising out of the Government's cancellation of two long-term energy delivery contracts concluded between claimant's local subsidiaries, Alpiq RomIndustries and Alpiq RomEnergie, and Romania’s state-owned electricity utility Hidroelectrica, after the latter was declared insolvent.
Economic sector and subsector
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Sachs, K.
Clodfelter, M. A.
Silva Romero, E.
Status/Outcome of original proceedings
Pending
Decisions rendered
None
Amount of compensation
100.00 mln EUR (125.30 mln USD)
Data not available
IIA breaches alleged/found
Data not available
Pending
Follow-on proceedings
None
Link to Italaw's case page