2015
Stadtwerke München and others v. Spain Stadtwerke München GmbH and others v. Kingdom of Spain (ICSID Case No. ARB/15/1)
Spain
Germany
Majority shareholding in the Spanish thermo solar plant Andasol located in Granada and held by the Spanish project company Marquesado Solar S.L.
Claims arising out of a series of energy reforms undertaken by the Government affecting the renewables sector, including a 7 per cent tax on power generators’ revenues and a reduction in subsidies for renewable energy producers.
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)
Hobér, K.
Douglas, Z.
Salacuse, J. W.
Decided in favour of State
423.00 mln EUR (491.40 mln USD)
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures

Other

Umbrella clause
None - all claims dismissed at the merits stage
ICSID annulment proceedings
ICSID annulment proceedings
Pending
None
Wallgren-Lindholm, C. (President)

Castellanos Howell, A. R. (Member)

Arrighi Bustamante, P. (Member)