Spain Tells DC Judge European High Court Decision Reigns
By Diamond Naga Siu (October 7, 2021, 7:15 PM EDT) -- Spain urged a D.C. federal judge to defer to a ruling from Europe's highest court that decided Energy Charter Treaty arbitration agreements are invalid, arguing that it's not obligated to follow arbitrators who issued a €101 million ($119.2 million) award to investors.
Infrastructure Services Luxembourg SARL and Energia Termosolar BV are two of many investors that won arbitral awards against the Kingdom of Spain following its decision to backtrack on renewable energy incentives promised during the late 2000s.
Spain cited in its Tuesday response the recent European Court of Justice decision in Republic of Moldova v. Komstroy LLC, which found in...
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!