📢#NoECT#StopISDS🛑
Why does the state never win in claims under the #EnergyCharterTreaty and how is #Luxembourg 🇱🇺connected to some of these claims?
The example of Abengoa Spain can give an insight in these questions:
Spain is the most sued country under the Energy Charter Treaty: it accumulates 50 lawsuits and a claimed amount of more than 10 billion euros. The solution is very simple: to avoid this waste of public money, the exit from the Treaty must be initiated.
In a claim under the #EnergyCharterTreaty it can never be said that "the State has won": the defence costs alone amount to millions of euros. As in the case of Abengoa Spain, Spain will have to pay 6.7 million taxpayers money only in process costs. tinyurl.com/2h46jc5w