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Berkeley Energia sends notification of dispute to Spain over uranium plant application
Berkeley Energia Ltd. sent a written notification of an investment dispute to the Spanish government following the rejection of its application to construct a uranium-concentrate plant as a radioactive facility at its Salamanca project in November 2021
Spain to follow Italy and Poland and leave the Energy Charter
Spain has initiated proceedings to withdraw from the Energy Charter Treaty, signed by 53 countries and in force since 1998, designed to protect foreign investment in energy infrastructure.
Uruguayan FM off to brokering Mercosur deal approval with EU
Uruguayan Foreign Minister Francisco Bustillo is off on a European tour seeking to advance in the signing of the Mercosur-European Union agreement.
Algeria and Spain return to normal trade relations despite the current political crisis, economic reality prevails and trade relations resume
After almost two months, Algeria has ended trade restrictions with Spain. This decision eases the current crisis between Algiers and Madrid, triggered by Spain’s turnaround on the Sahara.
Buhari woos Spanish investors with ‘tax-free environment’, free trade zone
Spain has been a major importer of Nigerian crude oil, and Nigeria’s exports to Spain stood at $4.8billion in 2020 whilst Spain’s exports to Nigeria increased from $97.2 million in 1995 to $517million in 2020
From solar dream to legal nightmare
How financial investors, law firms and arbitrators are profiting from the investment arbitration boom in Spain.
Spain pushes for quick EU action to approve Chile trade deal
Spain wants the European Union to move quickly to ink a free-trade deal with copper powerhouse Chile that was put on ice late last year.
Enagás redoubles its fight with the Peruvian Government to recover 400 million invested in a gas pipeline
Enagás considers that the future dividends of this project amount to 186 million dollars that would be added to the almost 400 million that it hopes to recover from the other arbitration.
Spain and Colombia sign new BIT
Spain and Colombia signed a new BIT on September 16, 2021. Both countries sought to modernize the previous treaty, which had come into force in 2005.
The Irish Spanish Solar sues Spain in the ICSID for the cut in premiums to renewables
Spanish Solar demands compensation from the Spanish Government for having cut the premiums for the use of energy once the investments have been made.
Spain urges European Commission to unblock Mercosur agreement
Spanish Prime Minister has urged the European Commission to do everything in its power to move forward and unfreeze progress on the Mercosur pact
Government seeks renegotiation of BIT Treaty with Spain
Ghana’s Foreign Affairs minister-designate has sought for a renegotiation of the Bilateral Investment Treaty (BIT) signed between Ghana and Spain.
Egypt wins international arbitration against two Spanish companies demanding €236m compensation
The ICSID has turned down a lawsuit filed by Spanish companies Cementos La Union and Aridos Jativa against the Egyptian State, demanding a compensation of more than €236 million.
NextEra wins millionaire renewables lawsuit against Spain
The ICSID has lifted the suspension on the execution of the €290 million award NextEra obtained a year ago.
Ray of hope for Reko Diq penalty being nixed
Pakistan’s chances of having its $6 billion penalty in the Reko Diq case annulled have received a boost with a committee of the International Centre for Settlement of Investment Disputes (ICSID).
UN tribunal rules against Canada’s Edgewater in legal battle with Spain
An arbitration tribunal ruled against Canadian company Edgewater Exploration in its long-standing legal battle with Spain related to the Corcoesto gold project in the northwestern region of Galicia.
Spain pushes for prioritising services in EU-UK deal
Spain called for the inclusion of services in the first phase of EU-UK negotiations on the future relationship, adding more complexity to trade talks.
Spain offers green energy investors incentives to drop lawsuits
The government will offer subsidies which will allow investors that abandon litigation to maintain their current profitability rate of 7.39% until 2031.
Trade and investment treaties aggravate the climate crisis
The campaign ‘No to trade and investment treaties’ has called on citizens to join the mobilizations planned for next September 27 in the different cities of Spain.
Spain loses another dispute over premium cuts on renewables
Spain will have to pay EUR 41 million to German solar investor SolEs Badajoz GmbH for retroactively cutting long-term premiums for renewable energy projects.