Enforcement Of €290M NextEra Award Will Remain On Hold
Law360 (April 8, 2020, 8:14 PM EDT) -- Efforts by Dutch subsidiaries of U.S.-based NextEra Energy Inc. to enforce a €291 million ($316 million) award against Spain will remain on hold, although Madrid must agree to promptly pay the award if its ongoing set-aside bid is unsuccessful, an international committee has ruled.
The International Centre for Settlement of Investment Disputes committee decided Monday to continue a stay of enforcement on the award — which the investors won following a dispute over revoked renewable energy incentives — on a provisional basis until April 27. Thereafter, if enforcement efforts are to remain on hold, Spain will have to provide a formal...
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!