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- W2774189479 abstract "Blusun S.A. and others v Italy is one of the latest arbitral awards in a torrent of disputes concerning the modification of incentives in the renewable energy market. The tribunal ruled in favour of Italy, reaffirming the power of host States to change regulations to adapt to new needs and elucidating the connection between the concept of ‘legal stability’ and investors’ ‘legitimate expectations’. However, a few months later, in Eiser v Spain, another tribunal ruled in favour of investors, emphasizing that States’ regulatory powers are not absolute, and drastic legislative changes might breach investment protection obligations. The existence of contrasting outcomes in these cases underlines the importance of monitoring the gradual evolution of this sprouting segment of jurisprudence. While each award is closely connected to its specific legal and factual context, this stream of rulings is slowly contributing to clarify the limits to host States’ regulatory freedom in the renewable energy sector." @default.
- W2774189479 created "2017-12-22" @default.
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- W2774189479 date "2017-11-01" @default.
- W2774189479 modified "2023-10-16" @default.
- W2774189479 title "Blusun S.A. and others v Italy : Legal (in)stability and renewable energy investments" @default.
- W2774189479 doi "https://doi.org/10.1111/reel.12218" @default.
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