Spain Wants €291M Award Fight To Stay Paused

Law360 (June 19, 2020, 8:40 PM EDT) -- Spain urged a D.C. federal court Friday not to let Dutch subsidiaries of U.S.-based NextEra Energy Inc. move ahead with efforts to enforce a €291 million ($325.5 million) arbitral award, saying an annulment committee improperly conditioned a stay of enforcement on the country waiving its rights.

Spain told the court that an "extraordinary" move to lift the stay provides "compelling" support for the court to keep enforcement proceedings on hold. (AP) Spain told the court that an International Centre for Settlement of Investment Disputes annulment committee's "extraordinary" move to lift the stay after the country refused to commit to paying the...

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