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ICSID Tribunal "Not Satisfied" that intra-EU arbitration is incompatible with EU Law, rejects Germany's claim under ICSID Arbitration Rule 41(5)

Photo by Thomas Richter / Unsplash

On 18 January 2022, the Tribunal in Mainstream Renewable Power Ltd and others v. Federal Republic of Germany (ICSID Case No. ARB/21/26), rejected Germany's application to dismiss all of the claims filed by Claimants for manifest lack of jurisdiction under Rule 41(5) of the ICSID Arbitration Rules.

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