Greentech Energy Systems and Novenergía v Italy SCC Case No 095/2015 - Athena Investments Press release - Arbitration against the Republic of Italy final award - 24 December 2018
... The Company was granted the final award for this arbitration with a very positive outcome. The award covers the damages, the cost of the arbitration procedure and half of other arbitration-related expenses. The award bears an interest at the rate of annual LIBOR plus 2% per annum, compounded annually, from the date of Assessment (i.e. January 1st, 2015). The net award for the Company amounts to approx. EUR 7.4M which will be accounted for as special items. ...