2016
Eurus Energy v. Spain Eurus Energy Holdings Corporation v. Kingdom of Spain (ICSID Case No. ARB/16/4)
Spain
Japan
Investments in 21 wind projects owned and operated by special purpose companies (SPCs), with shares in the SPCs held indirectly through a wholly owned subsidiary, Eurus Europe.
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)
Crawford, J. R. (replaced)
Garibaldi, O. M.
Giardina, A.
Hoffmann, A.
Decided in favour of investor
173.00 mln EUR (206.20 mln USD)
106.20 mln EUR (109.90 mln USD)
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
ICSID annulment proceedings
ICSID annulment proceedings
Pending
None
Hanotiau, B. (President)

González Arrocha, K. (Member)

Ridings, P. (Member)