Two arbitrations were started under the ICC and UNCITRAL rules. In phase one of the arbitrations, GasTerra’s claim that the price should be increased was allowed, but Eni’s counterclaims for a price decrease were denied. The arbitrations continued after parties failed to reach agreement on the extent of the price increase. The tribunal in the UNCITRAL arbitration awarded GasTerra a price increase, equaling approximately EUR 850 million. The increased price applies to future deliveries under the contract as well.
A dispute between the same parties over the price under their other gas supply contract is pending before an ICC tribunal. GasTerra is represented in both arbitrations by a team lead by Marnix Leijten of De Brauw Blackstone Westbroek.
Team: Marnix Leijten, Bregje Korthals Altes, René van Tricht, Albert Marsman, Sander Kooijman