ICSID Publishes 61M Euro Award Against Bulgaria For Energy Contract Row

(May 8, 2024, 1:36 PM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on May 7 published a tribunal’s award against the Republic of Bulgaria for more than 61 million euros after finding that it breached the Energy Charter Treaty (ECT) and harmed a Maltese solar power investor by reducing incentives for solar investment upon which the investor had relied....

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