Energy Co. Looks To Revive $287M Dominican Republic Claim

Law360 (May 13, 2021, 9:50 PM EDT) -- A subsidiary of Spanish renewable energy company Grupo Solesfero is looking to revive its claim for some $287 million in lost profits after a deal to develop a wind farm in the Dominican Republic fell through, telling a Florida judge that an international tribunal's "catchall denial" of the claim is insufficient.

Dominicana Renovables SL argued in a petition filed in federal court on Tuesday that the International Chamber of Commerce award rejecting its $287.6 million claim for lost profits fell far short of the reasoned award that it and the Dominican Republic had agreed was required under their contract. The arbitrators...

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