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€128M Award Against Spain Over Energy Subsidies OK'd

Law360, New York (June 27, 2017, 8:08 PM EDT) -- Two companies hailing from the U.K. and Luxembourg on Tuesday obtained a New York federal court's blessing of a more than €128 million arbitral award, which they won from a World Bank tribunal following a dispute with Spain over renewable energy subsidies.

U.S. District Judge Lewis A. Kaplan signed off on a proposed order submitted by London-based asset manager EISER Infrastructure Limited and Energia Solar Luxembourg SARL, a Luxembourg-based company wholly owned by EISER, with little fanfare. The €128 million arbitral award is worth approximately $145 million...
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Case Information

Case Title

EISER Infrastructure Limited et al v. Kingdom of Spain

Case Number



New York Southern

Nature of Suit

Other Statutory Actions


Lewis A. Kaplan

Date Filed

May 19, 2017

Law Firms


Government Agencies

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