Saturday, 15 October 2016

Livestream ICSID Case Vattenfall v Germany (ICSID Case No. ARB/12/12)

The International Centre for the Settlement of Investment Disputes (ICSID) is currently engaged in hearings in the case Vattenfall v Germany. ICSID is providing a livestream of the hearings: https://icsid.worldbank.org/apps/ICSIDWEB/Pages/News.aspx?CID=211&ListID=74f1e8b5-96d0-4f0a-8f0c-2f3a92d84773&variation=en_us
This arbitration is concerned with the aftermaths of Germany´s decision to phase out nuclear power. The company Vattenfall argues that the way in which the German government implemented that decision amounts to expropriation. The case is primed to be groundbreaking and will set an important precedence on the leeway of a state to phase out nuclear power and the resulting financial damages for companies.

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