Originally from the Journal of Damages in International Arbitration

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AWARD, JANUARY 25, 2021
DECISION ON ANNULMENT, PENDING

The Parties
BayWa r.e. Renewable Energy GmbH and BayWa r.e. Asset Holding GmbH (the Claimants)
Kingdom of Spain (the Respondent)

Sector
Renewable Energy 

Applicable Treaty
Energy Charter Treaty (ECT)

Members of the Tribunal
Judge James R. Crawford (President), Dr. Horacio A. Grigera Naón (Claimants’ appointee), Loretta Malintoppi (Respondent’s appointee)

I.  BACKGROUND
The Parties’ dispute concerned the Claimants’ investments in two wind farms in Spain (the Wind Farms).