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Award upheld despite arbitral tribunal's refusal to reconsider its jurisdiction based on Achmea

In a recent decision(1) the Supreme Court found that an arbitral tribunal had not violated the plaintiff s right to be heard or procedural public policy. The arbitral tribunal had refused to reconsider its preliminary award on jurisdiction following the European Court of Justice s judgment in
Slowakische Republik v Achmea BV.
Facts
The dispute arose out of Spain s decision to end previously granted incentives for photovoltaic installations through the enactment of a new regulation in 2013. After this decision, 26 EU-based investors, which had made significant investments and taken the necessary steps to be able to benefit from such incentives, started arbitration proceedings against Spain based on Article 26(4)(b) of the Energy Charter Treaty (ECT), seeking damages for the violation of Article 10(1) thereof. A three-member arbitral tribunal was constituted in accordance with the United Nations Commission on International Trade Law Arbitration Rules, under the auspices ....

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Government of Mongolia to raise counterclaim regarding Oyu Tolgoi tax dispute

Ulaanbaatar /MONTSAME/. The cabinet yesterday, April 21, convened for a weekly regular session.
At the meeting, the cabinet backed a decision to file a counterclaim by bringing Rio Tinto and Turquoise Hill Resources as parties in the tax dispute concerning the Oyu Tolgoi gold-copper mining project. The decision is made on the basis of advice given by a law firm providing legal consulting services to the government Mongolia.
According to the press release issued by the cabinet secretariat, the government’s working group in charge of settling issues on the Oyu Tolgoi project benefits has been maintaining regular communications with the law firm and is developing a well founded response. ....

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