Dissenting Opinion of Arbitrator Giorgio Sacerdoti — Greentech Energy Systems A/S, et al v. Italian Republic

In Greentech Energy Systems A/S, et al v. Italian Republic (SCC Case No. V 2015/095)

5 December 2018

Dissenting Opinion of Arbitrator Giorgio Sacerdoti (2.22 MB)

Source

Opening of the document

SCC Arbitration V (2015/095) Greentech Energy Systems A/S, NovEnergia II Energy & Environment (SCA) SICAR, and NovEnergia II Italian Portfolio SA (Claimants) v. The Italian Republic (Respondent) DISSENTING OPINION OF ARBITRATOR GIORGIO SACERDOTI in respect of the Tribunal’s decision on the interpretation of article 10(1) of the ECT (Fair and Equitable Treatment and Umbrella Clause) and its application to the incentive tariff reduction introduced by Italy with the Spalma-incentivi decree (Law Decree no. 91/2014 converted into Law 116/2014) - Final Award paras. 445-467 and 594 (b) 1. My disagreement with my esteemed colleagues on this issue, and hence on para. 1(b) of the Award’s Disposition, …