ICSID - International Centre for Settlement of Investment Disputes

11/18/2019 | Press release | Distributed by Public on 11/18/2019 16:25

Cube Infrastructure Fund SICAV and others v. Kingdom of Spain (ICSID Case No. ARB/15/20)

  • Subject of Dispute:
    Renewable energy generation enterprise
  • Economic Sector:
    Electric Power & Other Energy
  • Instrument(s) Invoked: i
    ECT (Energy Charter Treaty)
  • Applicable Rules:
    ICSID Convention - Arbitration Rules
  • (a)Original Proceeding
    • Claimant(s)/Nationality(ies): i
      Cube Infrastructure Fund SICAV (Luxembourg), Cube Energy S.C.A. (Luxembourg), Demeter Partners S.A. (French), Demeter 2 FPCI (French), Cube Infrastructure Managers S.A. (Luxembourg)
    • Respondent(s):
      Kingdom of Spain (Spanish)
    • Date Registered:
      June 1, 2015
    • Date of Constitution of Tribunal:
      December 8, 2015
      • Party Representatives
      • Claimant(s):

        Gómez-Acebo & Pombo, Madrid, Spain
        King & Spalding, Paris, France and Houston, TX, U.S.A.

        Respondent(s):

        Abogacía General del Estado, The Ministry of Justice of the Government of Spain, Madrid, Spain

      • Language(s) of Proceeding:
        English,Spanish
      • Status of Proceeding:
        Concluded
      • Outcome of Proceeding:
        July 15, 2019 - The Tribunal renders its award.
  • (b)Annulment Proceeding
    • Applicant(s)/Requesting Party(ies): i
      Respondent(s)
    • Date Registered:
      November 18, 2019 (Respondent(s))
      • Party Representatives
      • Claimant(s):

        Gómez-Acebo & Pombo, Madrid, Spain
        King & Spalding, Paris, France and Houston, TX, U.S.A.

        Respondent(s):

        Abogacía General del Estado, The Ministry of Justice of the Government of Spain, Madrid, Spain

      • Language(s) of Proceeding:
        English,Spanish
      • Status of Proceeding:
        Pending
      • Latest Development:
        November 18, 2019 - The Secretary-General registers an application for annulment of the award filed by the Kingdom of Spain and notifies the parties of the provisional stay of enforcement of the award.