{"id":3984,"date":"2022-01-23T11:00:30","date_gmt":"2022-01-23T10:00:30","guid":{"rendered":"https:\/\/litigopartners.com\/?p=3984"},"modified":"2023-04-18T18:46:49","modified_gmt":"2023-04-18T16:46:49","slug":"icsid-arbitration-spain-suffers-yet-another-defeat-in-mathias-kruck-and-ors-v-the-kingdom-of-spain-case-no-arb-15-23","status":"publish","type":"post","link":"https:\/\/litigopartners.com\/en\/icsid-arbitration-spain-suffers-yet-another-defeat-in-mathias-kruck-and-ors-v-the-kingdom-of-spain-case-no-arb-15-23\/","title":{"rendered":"ICSID Arbitration &#8211; Spain suffers yet another defeat in Mathias Kruck and Ors v. the Kingdom of Spain (Case No. ARB\/15\/23)"},"content":{"rendered":"\n<p>ICSID tribunal upholds the claimant&#8217;s allegations in Mathias Kruck and Ors v. the Kingdom of Spain (Case No. ARB\/15\/23) in its recent decision issued on 14 September 2022.<\/p>\n\n\n\n<p>Interestingly, the tribunal (except arbitrator Mr Zachary Douglas, appointed by the defendant) declined Spain&#8217;s arguments on the Energy Charter Treaty (ECT) incompatibility with EU law.<\/p>\n\n\n\n<p>Therefore, Spain must compensate the claimants in a &#8220;classic&#8221; arbitration dispute against the country related to renewable energy investment supported by subsidies incentives, amended by regulation from 2010 onwards that dramatically reduced revenues and profits.<\/p>\n\n\n\n<p>Kruck claimed against Spain in 2015, invoking the ECT under the arbitration rules of the ICSID Convention, and now has successfully obtained a winning decision on jurisdiction, liability and quantum, rejecting Spain&#8217;s argument on arbitration incompatibility with EU law according to the ECJ decisions.<\/p>\n\n\n\n<p>As in the past, the main issue in this type of proceedings will result from the difficulty of enforcing an award in favour of claimants beyond the EU shore, being the common-law countries such as the USA, Australia or, more recently, the UK the preferred choice.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/icsid.worldbank.org\/cases\/case-database\/case-detail?CaseNo=ARB\/15\/23\">https:\/\/icsid.worldbank.org\/cases\/case-database\/case-detail?CaseNo=ARB\/15\/23<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ICSID tribunal upholds the claimant&#8217;s allegations in Mathias Kruck and Ors v. the Kingdom of Spain (Case No. ARB\/15\/23) in [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":4009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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G\u00e1lvez","author_link":"https:\/\/litigopartners.com\/en\/author\/josepgalvez\/"},"uagb_comment_info":0,"uagb_excerpt":"ICSID tribunal upholds the claimant&#8217;s allegations in Mathias Kruck and Ors v. the Kingdom of Spain (Case No. ARB\/15\/23) in [&hellip;]","authors":[{"term_id":54,"user_id":10,"is_guest":0,"slug":"josepgalvez","display_name":"Josep G\u00e1lvez","avatar_url":{"url":"https:\/\/litigopartners.com\/wp-content\/uploads\/2022\/10\/josep-galvez-litigo-partner-1-e1666195645370.jpg","url2x":"https:\/\/litigopartners.com\/wp-content\/uploads\/2022\/10\/josep-galvez-litigo-partner-1-e1666195645370.jpg"},"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/litigopartners.com\/en\/wp-json\/wp\/v2\/posts\/3984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/litigopartners.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/litigopartners.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/litigopartners.com\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/litigopartners.com\/en\/wp-json\/wp\/v2\/comments?post=3984"}],"version-history":[{"count":4,"href":"https:\/\/litigopartners.com\/en\/wp-json\/wp\/v2\/posts\/3984\/revisions"}],"predecessor-version":[{"id":5735,"href":"https:\/\/litigopartners.com\/en\/wp-json\/wp\/v2\/posts\/3984\/revisions\/5735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/litigopartners.com\/en\/wp-json\/wp\/v2\/media\/4009"}],"wp:attachment":[{"href":"https:\/\/litigopartners.com\/en\/wp-json\/wp\/v2\/media?parent=3984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/litigopartners.com\/en\/wp-json\/wp\/v2\/categories?post=3984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/litigopartners.com\/en\/wp-json\/wp\/v2\/tags?post=3984"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/litigopartners.com\/en\/wp-json\/wp\/v2\/ppma_author?post=3984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}