THE JURISDICTION OF ICSID UNDER THE ARBITRATION AWARD BETWEEN MASDAR SOLAR &WIND COOPERATIEF U.A. AND KINGDOM OF SPAIN REGARDING THE RENEWABLE ENERGY INVESTMENT

Document Type : ISI

Author

Assistant Professor, International Law Department, Faculty of Law and Political Science, Kharazmi University

Abstract

On 16 May 2018, ICSID issued its Award between the Masdar as a Dutch company against Spain. The court confirmed the violation of the Energy Charter by the Spain and sentenced it to compensate for damages to the plaintiff. Despite the challenges to the Court's jurisdiction raised by Spain, in various aspects such as personal, thematic and the priority of EU, the Court accepted its jurisdiction to hear the case. In this respect, the main basis of the plaintiff’s pleadings and the court’s analysis are based on the Energy Charter and the ICSID Convention; because both documents are mandatory for both Parties. Given that one of the major achievements of this award is to examine the various aspects of the jurisdiction of ICSID in relation to the disputes arising from the renewable energy investment, the present Article seeks to analyze these issues.

Keywords

References

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Journal Of Researches Energy Law Studies
Volume 5, Issue 2
Autumn & Winter
October 2020
Pages 295-312

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