Bid To Confirm €112M Arbitral Award Against Spain Halted
Law360 (August 29, 2019, 6:57 PM EDT) -- A D.C. federal court paused a bid to confirm a €112 million ($123.9 million) arbitral award against Spain in a dispute over the country yanking economic incentives for renewable energy producers, pending the International Centre for Settlement of Investment Disputes' decision on whether to annul the award.
U.S. District Judge Emmet G. Sullivan said Wednesday that the most efficient and fair move is to pause the case while the ICSID considers Spain's bid to undo the award, since the award that Luxembourg-based Infrastructure Services Luxembourg SARL and Netherlands-based Energia Termosolar BV is trying to enforce could very well be abolished....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!