Skip to content

ICSID Tribunal awards British oil firm Rockhopper USD 290 million against Italy as compensation for offshore oil drilling ban

Photo by Maria Lupan / Unsplash

On 23 August 2022, the ICSID Arbitral Tribunal in Rockhopper Italia S.p.A., Rockhopper Mediterranean Ltd, and Rockhopper Exploration Plc v. Italian Republic (ICSID Case No. ARB/17/14) ordered Italy to pay Rockhopper EUR 190 million in compensation plus interest – an amount six times more than the £33m Rockhopper is estimated to have invested in the project.

This post is for subscribers only


Already have an account? Log in