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Extended Company Report with Annual Accounts. Includes latest filed accounts original documents , financial statement with balance sheet, assets, etc Strike off. Filing of financial statement Jan 1 - Dec 31 Modification Non-statutory modification of directors.
Particulars of directors filed separately. Filing of financial statement year ending Dec 31, Change of location of registered office. Incorporation of the company and publication of articles of association. What is prohibited, however, is for the State to act unfairly, unreasonably or inequitably in the exercise of its legislative power. It is understood that Spain prevailed on the merits in Isolux as in Charanne, over a dissenting opinion in relation to the measures at issue in Eiser.
But the Tribunal refused to accept the decision on record due to its confidentiality, chastising Spain for having communicated the award to the Tribunal on an ex parte basis. In a communication posted on its website shortly after the award was issued, the Spanish Ministry of Energy highlighted the fact that Claimants had recovered less than half of what they had sought. However, from the nature of the heads of damages that were rejected, and the limited time and energy apparently devoted to their prosecution, it would seem clear that Claimants prevailed on their key damage claim.
The Eiser award has been circulating on the Internet only since 8 May and only in its Spanish language version. Skip to content. Certain Jurisdictional Matters Unlike many of the series of cases, the Eiser case was not bifurcated into separate jurisdictional and merits phases. Finally, the Tribunal left each party to bear its own costs. Some Preliminary Observations The Eiser award has been circulating on the Internet only since 8 May and only in its Spanish language version.
Inasmuch as it would appear that none of the cases to date has been dismissed for lack of jurisdiction, it can probably be expected that this trend will hold, and future cases may be more likely to be heard without bifurcation, and thus decided more expeditiously. The Eiser award contains a number of comments and characterizations which could be read as being rather critical of Spain, not only regarding the merits or demerits of the underlying regulatory actions as mentioned above the award cites excerpts from reports of various Spanish public entities which were critical of the regulation the draft of which had been submitted for their review , but also its litigation posture e.
Of course, while there is no hierarchy in international arbitration and thus no doctrine of precedent or binding jurisprudence, Tribunals deciding cases raising issues which have been addressed by other Tribunals will generally take interest in the prior findings and reasoning, especially to the extent they appear well-reasoned and well-structured. The Eiser award which itself relied on Charanne and RREEF where it considered it appropriate to do so appears on first read to be well-reasoned and well-structured and may thus have material weight in the upcoming awards.
By the same token, it may stimulate international investors who have been sitting on the sidelines these past few years to file claims. Whether or not Eiser will prove to be a game-changer in the Spanish renewable energy saga after the two SCC awards issued in Charanne and Isolux appeared to give the overall advantage to Spain remains to be seen. Stay tuned: the game is far from over….. Share this: Facebook LinkedIn Twitter.
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We are focused on building strong relationships, creating internal capabilities, and building networks to achieve long-term corporate goals. We are focused on building strong relationships, creating internal capabilities and building networks to achieve long-term corporate goals. About Leverage our expertise to move your business forward. TEAM Our team of professionals. Mine is a story with various parts; you can find details on my life as a Big 4 audit….
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