Data & Intelligence
The Portigon v. Spain Decision: Upholding International Law Protections for Financial Instruments
In a win for private equity firms and financial investors, the international arbitration tribunal in Portigon AG v. Kingdom of Spain has recently confirmed that project finance loans and hedging instruments constitute protected investments under two major treaties, the Energy Charter Treaty and the ICSID Convention. This decision illustrates the valuable international law protections potentially available to private equity firms and is the latest in a line of cases to confirm that those protections apply equally to investments in equity and debt.
In The Portigon v. Spain Decision: Upholding International Law Protections for Financial Instruments, EMPEA member Debevoise & Plimpton shares an update on international arbitration and outlines the top three practical rules for private equity firms when structuring cross-border financial investments.
Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited
Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures
David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group
Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments
Torbjorn Caesar | Senior Partner, Actis
Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company