{"id":1089,"date":"2021-11-26T15:34:55","date_gmt":"2021-11-26T15:34:55","guid":{"rendered":"http:\/\/stampaabogados.com\/?p=1089"},"modified":"2022-07-02T15:35:45","modified_gmt":"2022-07-02T15:35:45","slug":"translate-to-english-jgc-holdings-corporation-formerly-jgc-corporation-v-kingdom-of-spain-icsid-case-no-arb-15-27","status":"publish","type":"post","link":"https:\/\/www.stampaabogados.com\/en\/news\/translate-to-english-jgc-holdings-corporation-formerly-jgc-corporation-v-kingdom-of-spain-icsid-case-no-arb-15-27\/","title":{"rendered":"[Translate to English:] JGC Holdings Corporation (formerly JGC Corporation) v. Kingdom of Spain (ICSID Case No. ARB\/15\/27)"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” advanced_gradient_angle=”0″ overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]Investor\u00b4s legitimate confidence in the stability of a regulatory regime versus legitimate right of a State to regulatory changes<\/p>\n

The ICSID tribunal composed of Hi-Taek Shin (President), August Reinisch and M\u00f3nica Pinto has issued final award on 9 November in favour of JGC Holdings, ordering the Kingdom of Spain to pay to JGC, a Japanese investor \u20ac23.5 million plus interest and costs after finding that changes to the state\u2019s renewable energy regime frustrated its legitimate expectations. The investor originally had claimed \u20ac161 million plus interest.<\/p>\n

A resum\u00e9e of the case can be found under https:\/\/globalarbitrationreview.com\/achmea\/japanese-investor-wins-damages-over-spanish-solar-reforms<\/a>.<\/p>\n

5.4.2022:<\/p>\n

Las month (14.3.2022) Spain has initiated an annulment proceeding against the award. On March 31, the ad hoc Committee has been constituted in accordance with Article 52(3) of the ICSID Convention: Dyal\u00e1 Jim\u00e9nez (Costa Rican); Tina Cicchetti (Canadian\/Italian); Ucheora Onwuamaegbu (British\/Nigerian); all members have been appointed by the Chairman of the Administrative Council.[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"

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