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CUBE INFRASTRUCTURE FUND SICAV et al v. KINGDOM OF SPAIN
Case Number:
1:20-cv-01708
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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May 09, 2022
Spain Says $37.6M Award Can't Be Enforced In US Courts
Spain has told a U.S. federal court that it can't uphold a €33.7 million ($37.6 million) arbitral award, arguing that the five European investment companies suing Spain chose American courts to enforce the award only because the case would clearly be doomed in Europe.
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March 30, 2022
Solar Investors' €34M Award Against Spain Upheld By ICSID
Spain has lost its bid to overturn a €33.7 million ($37.6 million) arbitral award issued to a group of European investment and private equity funds after the International Centre for Settlement of Investment Disputes found arbitrators were authorized under EU law to make that decision.
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May 19, 2021
Spain Must Face €33.7M Solar Investor Subsidy Award Suit
A D.C. federal judge rejected for now Spain's request to toss a €33.7 million ($41 million) renewable energy subsidy award enforcement suit against it by a group of investors and private equity funds from France and Luxembourg.
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January 20, 2021
Solar Investors Say Spain Can't Block €33.7M Award
A group of renewable energy investors and private equity funds from France and Luxembourg are urging a D.C. federal court not to block their effort to enforce a €33.7 million ($37.8 million) award against Spain, accusing the country of trying to pull out of a binding arbitral agreement.
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December 21, 2020
Spain Says €34M Award Over Energy Subsidies Unenforceable
Spain urged a D.C. federal court on Friday to toss litigation filed by a group of European funds to enforce a €33.7 million ($37.8 million) award against it, saying the award is unenforceable in the European Union under "well-settled" precedent.
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June 25, 2020
EU Funds Want €34M Energy Award Against Spain Enforced
A group of European investment and private equity funds has urged a D.C. federal court to enforce a €33.7 million ($37.8 million) arbitral award against Spain, over revoked economic incentives that were aimed at stimulating investment in renewable energy.