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.
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