May 09, 2022
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.
March 30, 2022
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.
May 19, 2021
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.
January 20, 2021
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.
December 21, 2020
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.
June 25, 2020
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.