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Spain Can't Get €101M Award Nixed In Solar Energy Fight

Law360
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Spain Can t Get €101M Award Nixed In Solar Energy Fight
Law360 (August 3, 2021, 10:17 PM EDT) A €101 million ($119.8 million) arbitral award issued against Spain after the country revoked economic incentives aimed at boosting investment in renewable energy projects has survived an annulment attempt that largely centered on the tribunal s assumption of jurisdiction and calculation of damages.
An international committee on July 30 upheld the award issued to Infrastructure Services Luxembourg SARL and Energia Termosolar BV, concluding that the tribunal had not wrongly assumed jurisdiction over the dispute despite a ruling from Europe s top court that intra-EU disputes cannot be arbitrated if they involve questions of EU law. ....

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State aid: Commission opens in-depth investigation into arbitration award in favour of Antin to be paid by Spain

State aid: Commission opens in-depth investigation into arbitration award in favour of Antin to be paid by Spain
europeansting.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from europeansting.com Daily Mail and Mail on Sunday newspapers.

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Major Projects & Construction 5 Minute Fix 79: procurement practices, security of payment, damages for defects - Knowledge

08 Jul 2021
BY THE MAJOR PROJECTS & CONSTRUCTION TEAM
Get your 5 Minute Fix of major projects and construction news. This issue: default procurement practices for NSW large, complex infrastructure projects; update on WA s overhaul of its security of payment laws; when a builder is in the business of building residences (or not) for Victoria s SOP legislation; SA Court of Appeal reduces damages for defects; latest development in enforcing ICSID s awards, and arbitral tribunal issues.
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Collaboration between NSW and Contractors sets new procurement standards
The NSW Premier s Memorandum issued on 24 June 2021 sets out the default procurement practices that NSW government agencies and State Owned Corporations are expected to apply to all large, complex infrastructure projects in the Framework for Establishing Effective Project Procurement from 1 July 2021. ....

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