Region: Portugal
EU Council approves withdrawal from ECT
The Council of the European Union has approved a proposal to withdraw the EU from the controversial Energy Charter Treaty – as the treaty’s depositary Portugal becomes the latest member state to confirm its date of exit.
08 March 2024
CMS tests generative AI in mock case
In a future-facing event led by CMS, clients, partners and associates took part in a simulated emergency arbitration, putting a range of generative AI systems to the test.
07 December 2023
Claims loom against US gas supplier
Portuguese oil company Galp says it is considering its options over a US exporter’s alleged failure to provide contracted natural gas supplies – which has reportedly already led to three pending cases at the LCIA.
02 August 2023
Spain and solar investor both seek ICSID annulment
Spain and a Portuguese solar company have both applied to annul an ICSID award that granted €9 million plus interest to the investor.
30 July 2023
Portugal considers ECT withdrawal
Portugal is considering exiting the Energy Charter Treaty after the European Commission called for a coordinated withdrawal of the European Union and its member states.
21 July 2023
European investors bring ICC claim against Vietnam
German and Portuguese entities have launched an ICC claim against Vietnam and two state-owned banks over the alleged misappropriation of €10 billion in funds.
28 February 2023
Creditors of collapsed bank bring first treaty claim against Portugal
Subsidiaries of two US hedge funds have brought the first known investment treaty arbitration against Portugal, which relates to the collapse of one of the country’s largest banks.
17 November 2022
Portuguese investor gets damages in Spain solar case
An ICSID tribunal has ordered Spain to pay €9 million plus interest to a Portuguese investor over reforms to its renewable energy subsidy regime.
30 September 2022
