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Berkeley Exploration v. Spain, Claimant's Press Release, June 29, 2026

29 Jun 2026
Berkeley Exploration Ltd. v. Kingdom of Spain, ICSID Case No. ARB/24/22
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Claimant's Press Release
Document Details:
LISTED PARTICIPANTS
Claimant's Press Release
Participants listed are for this document only and may not include all participants involved in the entire case. Always consult the original documents.
Claimant appointee
Respondent appointee
Tribunal/Panel chair
Arbitrator(s)
Sole Arbitrator
ICSID Annulment Committee president
ICSID Annulment Committee members
WTO Appellate Body members
WTO Appellate Body chair
Judges
Claimant's counsel
Claimant's law firm
Respondent's counsel
Respondent's law firm
Other counsel
Claimant's expert
Claimant's expert firm
Respondent's expert
Respondent's expert firm
Claimant's witness
Respondent's witness
Other witnesses
Tribunal secretary
Tribunal assistant
Third-party funder
Entities
Berkeley Exploration Ltd., Spain
Country
Print reporter
Document Summary
Claimant's Press Release
This summary note is machine-generated. Always consult the original materials.

Procedural Posture

This document is a corporate news release issued by Berkeley Energia Limited on 29 June 2026, providing a procedural update on its ongoing International Centre for Settlement of Investment Disputes (ICSID) arbitration against Spain. The dispute arises under the Energy Charter Treaty (ECT) in connection with the Salamanca Project.

Procedural Developments and Bifurcation

The release confirms that the Claimant filed its Memorial of Claim in February 2026, seeking compensation in the amount of US$1.25 billion for alleged multiple violations of the ECT. The Memorial included the factual background, the legal basis for the claims, witness statements, and independent expert reports addressing technical, regulatory, and quantum matters.

Following the submission of the Memorial, the Respondent filed a request to bifurcate the proceedings pursuant to the ICSID Convention and Arbitration Rules. The Tribunal subsequently granted the request, directing that the proceedings be bifurcated into two distinct phases. The first phase will exclusively address the Respondent's jurisdictional objections concerning the denial of benefits. The second phase, if necessary, will address the merits of the claims and the quantum of damages. An updated procedural timetable is pending.