Berkeley Energia (ASX:BKY), through its wholly owned subsidiary, Berkeley Exploration, has filed a Memorial of Claim at the International Centre for Settlement of Investment Disputes (ICSID) in Washington, D.C., as part of their ongoing arbitration proceedings against Spain.
In this investment dispute, Berkeley claims that Spain’s actions against its Spanish subsidiary, Berkeley Minera España, and the Salamanca Project have breached provisions of the Energy Charter Treaty.
The company is seeking compensation of US$1.25 billion, as outlined in the Memorial of Claim.
The filing also includes facts outlining the background of the project and the dispute, a detailed statement of the legal basis for the claim, statements by key witnesses, and reports from independent experts outlining technical and regulatory aspects of the claim and an assessment of damages.
Spain has until July 2026 to respond to the claim or until October 2026 to submit a Memorial on Jurisdiction.
Berkeley remains committed to the Salamanca Project and is working to have an open and constructive dialogue with Spain.
Berkeley Energia is focused on bringing the Salamanca Project in western Spain into production.
Write to Amy Rotman at Mining.com.au
Images: Berkeley Energia
