Practice Areas

Investment Arbitration & Public International Law

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  • Representation of the Republic of Panamá in an ICSID investment arbitration under the USA-Panamá BIT. (Yoram Moussaieff v. Republic of Panama, ICSID Case No. ARB/22/26). The case was finally settled. 
  • Representation of a Latin American State in the enforcement of an ICSID award within a EU State.  
  • Representation of a Spanish investor in an ICSID annulment proceeding relating a construction and infrastructure investment in the Middle-East. (Rizzani de Eccher S.p.A., Obrascón Huarte Lain S.A. and Trevi S.p.A. v. State of Kuwait, ICSID Case No. ARB/17/8)  
  • Represented the Kingdom of Spain in over 60 major ICSID, UNCITRAL and SCC investment arbitrations arisen out of claims brought under the Energy Charter Treaty in relation to measures adopted by the Government of Spain. Successful representation in more than 40% of cases, including Landmark Case Green Power v. Spain as the first case in the investment arbitration history where the intra EU objection was upheld. Cases:  
    • SCC Case 062/2012, Charanne and Construction Investments v. Spain.  
    • SCC Case 2013/094, CSP Equity v. Kingdom of Spain. 
    • SCC Case 2016/135, Green Power K/S and Obton A/S v. Kingdom of Spain 
    • SCC Case 2015/036, Alten v. Kingdom of Spain. 
    • SCC Case 2017/194, Triodos v. Kingdom of Spain. 
    • SCC Case 2017/060, Freif Eurowind v. Kingdom of Spain. 
    • ICSID Case 15/16, BayWa r.e. Renewable Energy GmbH and BayWa r.e. Asset Holding GmbH v. Kingdom of Spain. 
    • ICSID Case 19/4, Canepa Green Energy Opportunities I, S.á r.l. and Canepa Green Energy Opportunities II, S.á r.l. v. Kingdom of Spain. 
    • ICSID Case 15/34, Cavalum SGPS, S.A. v. Kingdom of Spain. 
    • ICSID Case 15/20, Cube Infrastructure Fund SICAV and others v. Kingdom of Spain.  
    • ICSID Case 17/41, DCM Energy GmbH & Co. Solar 1 KG, DCM Energy GmbH & Co. Solar 2 KG, Edisun Power Europe A.G., Hannover Leasing Sun Invest 2 Spanien Beteiligungs GmbH, and Hannover Leasing Sun Invest 2 Spanien GmbH & Co. KG v. Kingdom of Spain. 
    • ICSID Case 15/35, E.ON SE, E.ON Finanzanlagen GmbH and E.ON Iberia Holding GmbH v. Kingdom of Spain. 
    • ICSID Case 18/42, EBL (Genossenschaft Elektra Baselland) and Tubo Sol PE2 S.L. v. Kingdom of Spain. 
    • ICSID Case 13/36 (Annulment), Eiser Infrastructure Limited and Energía Solar Luxembourg S.à r.l. v. Kingdom of Spain. 
    • ICSID Case 16/4, Eurus Energy Holdings Corporation v. Kingdom of Spain. 
    • ICSID Case 15/42, Hydro Energy 1 S.à r.l. and Hydroxana Sweden AB v. Kingdom of Spain. 
    • ICSID Case 16/18, Infracapital F1 S.à r.l. and Infracapital Solar B.V. v. Kingdom of Spain. 
    • ICSID Case 13/31, Infrastructure Services Luxembourg S.à.r.l. and Energia Termosolar B.V. (formerly Antin Infrastructure Services Luxembourg S.à.r.l. and Antin Energia Termosolar B.V.) v. Kingdom of Spain. 
    • ICSID Case 14/12 (Annulment), InfraRed Environmental Infrastructure GP Limited and others v. Kingdom of Spain. 
    • ICSID Case 18/25, Itochu Corporation v. Kingdom of Spain. 
    • ICSID Case 15/27 (Annulment), JGC Holdings Corporation (formerly JGC Corporation) v. Kingdom of Spain. 
    • ICSID Case 15/25, KS Invest GmbH and TLS Invest GmbH v. Kingdom of Spain. 
    • ICSID Case 15/45, Landesbank Baden-Württemberg and others v. Kingdom of Spain. 
    • ICSID Case 14/1 (Annulment), Masdar Solar & Wind Cooperatief U.A. v. Kingdom of Spain. 
    • ICSID Case 15/23, Mathias Kruck and others v. Kingdom of Spain. 
    • ICSID Case 20/47, Mitsui & Co., Ltd. v. Kingdom of Spain. 
    • ICSID Case 14/11 (Annulment), NextEra Energy Global Holdings B.V. and NextEra Energy Spain Holdings B.V. v. Kingdom of Spain. 
    • ICSID Case 15/36, OperaFund Eco-Invest SICAV PLC and Schwab Holding AG v. Kingdom of Spain. 
    • ICSID Case 17/15, Portigon AG v. Kingdom of Spain. 
    • ICSID Case 14/18, RENERGY S.à r.l. v. Kingdom of Spain. 
    • ICSID Case 13/30, RREEF Infrastructure (G.P.) Limited and RREEF Pan-European Infrastructure Two Lux S.à r.l. v. Kingdom of Spain. 
    • ICSID Case 14/34, RWE Innogy GmbH and RWE Innogy Aersa S.A.U. v. Kingdom of Spain: Partially successful.  
    • ICSID Case 19/23, Sapec, S.A. v. Kingdom of Spain. 
    • ICSID Case 16/27, Sevilla Beheer B.V. and others v. Kingdom of Spain. 
    • ICSID Case 21/39, Spanish Solar 1 Limited and Spanish Solar 2 Limited v. Kingdom of Spain. 
    • ICSID Case 18/45, European Solar Farms A/S v. Kingdom of Spain. 
    • ICSID Case 19/30, VM Solar Jerez GmbH and others v. Kingdom of Spain. 
    • ICSID Case 15/38, SolEs Badajoz GmbH v. Kingdom of Spain. 
    • ICSID Case 15/1, Stadtwerke München GmbH, RWE Innogy GmbH, and others v. Kingdom of Spain. 
    • ICSID Case 16/17, Sun-Flower Olmeda GmbH & Co KG and others v. Kingdom of Spain. 
    • ICSID Case 21/43, TS Villalba GmbH and others v. Kingdom of Spain. 
    • ICSID Case 15/44, Watkins Holdings S.à r.l. and others v. Kingdom of Spain. 
    • UNCITRAL Case 2016-26, Corcoesto, S.A. v. Kingdom of Spain. 
    • UNCITRAL Case AA613, EDF Energies Nouvelles S.A. v. Kingdom of Spain. 
    • UNCITRAL Case 2012-14, AES Solar and others (PV Investors) v. Kingdom of Spain. 
  • Representation of a group of Mexican shareholders and bondholders in two UNCITRAL and ICSID investment arbitrations arising out of the deprivation of their rights and interests in Spain’s fifth largest bank as a consequence of its resolution and sale through the EU Single Resolution Mechanism (SRM). The arbitration involved parallel proceedings before the Court of Justice of the European Union and discovery proceedings (U.S.C. § 1782) before the Southern District Court of New York. (Antonio del Valle Ruiz et al v. Kingdom of Spain, PCA Case No. 2019-17; GBM Global et al. v. Kingdom of Spain (ICSID)). 
  • Representation of a British investor in the first stages of an investment arbitration against a USA State arisen out of the State’s regulatory changes in the PV sector.  
  • Interim representation of the Kingdom of Spain in challenging proceedings against the recognition and registration of an arbitral award before the High Court of Commerce and Property in England and Wales (Infrastructure Services Luxembourg S.à.r.l. and Energia Termosolar B.V. (formerly Antin Infrastructure Services Luxembourg S.à.r.l. and Antin  Energia Termosolar B.V.) v. Kingdom of Spain, ICSID Case No. ARB/13/31).  
  • Assistance in the administration of an UNCITRAL investment arbitration brought by a USA investor against Ecuador under the Ecuador-USA Bilateral Investment Treaty in relation to Ecuadorian measures in the oil sector. (Chevron Corporation and Texaco Petroleum Corporation v. Ecuador (II), PCA Case No. 2009-23) 
  • Representation of an African State in an ICSID arbitration under the Kenya-United Kingdom BIT arising out of a mining dispute (ICSID Case ARB/15/29, Cortec Mining Kenya Limited, Cortec (Pty) Limited and Stirling Capital Limited v. Republic of Kenya). 
  • Representation of the Republic of Hungary in an ICSID arbitration under the France-Hungary BIT arising out of a dispute in human resources services (ICSID Case No. ARB/14/20, Sodexo Pass International SAS v. Hungary). 
  • Representation of the Republic of Hungary in an ICSID arbitration under the Hungary-United Kingdom BIT arising out of a dispute in waste management (ICSID Case No. ARB/21/66, Christopher Jock Murdoch Mackenzie v. Hungary). 
  • Representation of a group of investors in an ICSID arbitration under the Mining Code of the Democratic Republic of the Congo arising out of a mining dispute (ICSID Case No. ARB/23/20, AVZ International Pty Ltd., Dathcom Mining SA and Green Lithium Holdings Pte Ltd. v. Democratic Republic of the Congo). 
  • Representation of an investor in an ICSID arbitration under the Switzerland-Georgia BIT arising out of a construction and real state dispute (ICSID Case No. ARB/23/23, Basel LLC and Ronald Waldmann v. Georgia). 
  • Representation of an Asian State in an ICSID arbitration under the ICSID Arbitration Rules arising out of a dispute in construction and fossil fuels (ICSID Case No. ARB 15/2, Lighthouse Corporation v. Democratic Republic of Timor-Leste). 
  • Representation of investors in an ICSID arbitration under the Austria-Croatia BIT arising out of a banking dispute (ICSID Case No. ARB/16/31, UniCredit Bank Austria AG and Zagrebačka Banka dd v. Republic of Croatia). 
  • Representation of Iberdrola, S.A. and Iberdrola Energía, S.A.U. in an UNCITRAL arbitration under the Spain-Bolivia BIT arising out of a dispute in the electric energy sector (PCA Case No. 2015-05, Iberdrola, S.A. and Iberdrola Energía, S.A.U. v. Estado Plurinacional de Bolivia). 
  • Representation of the Republic of Lithuania in an UNCITRAL arbitration under the Russia-Lithuania BIT arising out of a banking dispute (PCA Case No. 2019-48, Fund for the Protection of Investors’ Rights in Foreign States v. Lithuania).