October 01, 2020
A D.C. federal judge will keep on hold two lawsuits filed by renewable energy investors to enforce about $390 million in arbitral awards against Spain, ruling that it's "more prudent" to refrain from delving into the intricate issues of European Union law raised by Spain in the dispute.
February 18, 2020
A Luxembourg renewable energy investor has urged a D.C. federal court to enforce a €41.8 million ($46.56 million) arbitral award against Spain over revoked economic incentives, saying it's "undisputed" that Spain consented to arbitration by signing an underlying treaty.
January 16, 2020
Spain has asked a D.C. federal court to toss litigation filed by a Luxembourg renewable energy investor to enforce a €41.8 million ($46.56 million) arbitral award over revoked economic incentives, arguing that the award is invalid under European Union law.
June 27, 2019
A Luxembourg company owned by private equity firm First Reserve has asked a Washington, D.C., federal court to enforce its more than €41.8 million ($47.5 million) arbitral award against Spain over regulatory changes that revoked renewable energy investment incentives.