Spain Claims Count at ICSID Hits 23 - McDermott Will & Emery

Spain Claims Count at ICSID Hits 23

Overview


Sabine Konrad and Arne Fuchs in Frankfurt and Lisa Richman in Washington are representing four German banks in a claim brought against Spain in the International Centre for Settlement of Investment Disputes (ICSID). The claim relates to the banks’ investment in photovoltaic and solar thermal power plants in light of Spain’s announcement of cuts to renewable energy subsidies.