News 15 Jun. 2020
On June 11, 2020, an ICSID ad hoc committee issued a unanimous decision to annul a €128 million award against Spain in its entirety, and ordered claimants Eiser Infrastructure and Energia Solar Luxembourg to pay the full costs of the proceeding, as well as Spain’s legal fees and expenses. This historic ruling marks the first time in ICSID history that an award has been annulled for improper constitution of the tribunal and a serious departure from a fundamental rule of procedure.
The Curtis team representing Spain was led by Ben Preziosi and Gabriela Alvarez-Avila, and also included Ricardo Mier y Teran, Arianna Sanchez and Claudia Frutos-Peterson.
Click here for Global Arbitration Review’s coverage of the annulment.
Click here for Investment Arbitration Reporter’s analysis of the annulment decision.
Click here for Law360's article about the annulment.
International Arbitration
Dr. Claudia Frutos-Peterson
Partner
Ricardo Mier y Teran Ruesga
New York
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Mexico City
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Washington, D.C.
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event
Curtis and SVAMC Host Panel on AI and International Disputes for NY Arbitration Week
Fernando Tupa and Borzu Sabahi Participate in the 20th Annual Investment Treaty Arbitration Conference
Claudia Frutos-Peterson to speak at 9th AUWCL Symposium on Salient Issues in International Arbitration