Seven different investment arbitrations.
Over the past several years, A&P has served as lead counsel to the Czech Republic in the defense of seven investment arbitrations. While most of those are still ongoing, the two that have reached conclusion have yielded complete victories for the Czech Republic.
First, on 2 May 2017, the firm secured a complete dismissal of all claims brought by German investors Antaris GmbH and Dr. Michael Göde based on the Czech Republic’s alleged breach of the Energy Charter Treaty and the Czech-German bilateral investment treaty (BIT) related to an investment in the solar power industry. The tribunal ordered the claimants to pay to the Czech Ministry of Finance USD 2 million in attorneys fees and costs.
Second, on 11 October 2017, the firm secured a complete dismissal of all claims filed by Jürgen Wirtgen, Stefan Wirtgen, Gisela Wirtgen and JSW Solar (zwei) GmbH & Co.KG in an investment arbitration under UNCITRAL rules under the Germany-Czech Republic BIT.