Hydro Investors Say Spain Waived Immunity In Arb. Case

By Humberto J. Rocha (April 26, 2022, 6:49 PM EDT) -- Green energy investors Hydro Energy 1 SARL and Hydroxana Sweden AB pushed back against Spain's attempt to dismiss their $36.4 million arbitration award enforcement action, telling a D.C. federal judge that European Union laws do not prevent the country from paying the award.

In a 66-page response filed Monday in D.C. federal court, the hydro investors argued that Spain's efforts to avoid paying the arbitration award fall flat, saying that EU laws cannot override Spain's treaty commitments to consent to arbitrate investment disputes under international law with EU and non-EU nations.

"Even though Spain now disputes that its consent to arbitrate...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!