The Stati Parties have requested to enforce the award issued in their favor including by attaching Kazakh state commercial assets in the United States.
The German cabinet has confirmed that two utilities operating in Germany are entitled to compensation for losses stemming from the country’s nuclear phaseout. The move is in line with an earlier top court ruling.
El fondo soberano Masdar, de Abu Dabi, reclamaba 394 millones por el perjuicio a sus inversiones. El laudo condenatorio se suma a los de Novenergia y Eiser Infraestructures.
« L’Allemagne a toujours affirmé, depuis le début de cette procédure, qu’elle jugeait la plainte de Vattenfall irrecevable », a précisé le gouvernement allemand.
Swedish utility Vattenfall has no legal grounds to ask a US arbitration court if it can claim 4.7 billion euros from Berlin for forcing it to halt nuclear production, the German government has said.
A recent decision under the Energy Charter Treaty by France’s highest court appears to signal a return to a literal interpretation by the French courts of international treaties.
US court issued its ruling in favor of the plaintiffs in Stati et al. v. Rep. of Kazakhstan, a long-running litigation concerning the Stati Parties’ efforts to enforce a $520 million arbitral award under the Energy Charter Treaty.