The German Nuclear Phase-Out Put to the Test in International Investment Arbitration? Background to the new dispute Vattenfall v. Germany (II)
The Swedish energy company Vattenfall has now followed through on its threat to bring an international arbitration claim against Germany in relation to that country's recent decision to phase out nuclear power. Damages claimed by Vattenfall could exceed €700 million.
The Swedish energy company Vattenfall has now followed through on its threat to bring an international arbitration claim against Germany in relation to that country's recent decision to phase out nuclear power.
On May 31, 2012, the dispute was registered at the International Centre for the Settlement of Investment Disputes (ICSID). According to earlier reporting, damages claimed by Vattenfall could exceed €700 million.German translation republished with permission PowerShift
Additional downloads
You might also be interested in
The State of Play in Vattenfall v. Germany II: Leaving the German public in the dark
Two years after Vattenfall brought Germany to international arbitration for a second time (Vattenfall II), the German public is still left out in the dark. This briefing note reviews the background to the case on Germany’s decision to phase out nuclear power and outlines its current state of play.
Background paper on Vattenfall v. Germany arbitration
This paper provides background on an investment dispute between the Swedish energy utility Vattenfall and the Government of Germany pursuant to the Energy Charter Treaty.
The Hidden Clauses That Can Hinder Tax and Investment Policy Reform
Stabilization clauses should no longer automatically be included in contracts between states and investors. If they are, they should, at a minimum, build on the latest international standards on stabilization to avoid being a barrier to sustainable development.
What Drives Investment Policy-makers in Developing Countries to Use Tax Incentives?
The article explores the reasons behind the use of tax incentives in developing countries to attract investment, examining the pressures, challenges, and alternative strategies that exist.