EU Says UK Cannot Block Spanish Oil Spill Ruling

By Silvia Martelli (June 20, 2022, 2:00 PM BST) -- A British arbitration decision does not prevent Spain from registering an €855 million ($900 million) judgment against insurers for a massive oil spill because it is excluded from European Union rules on the mutual recognition of court judgments, the bloc's highest court ruled Monday.

EU rules governing the recognition of national court judgments across the bloc do not apply to arbitral awards and the consequent national judgment to confirm them in a given country, the European Court of Justice said.

This means that a U.K. arbitration award from 2013, which found that Spain could pursue the case only through arbitration in London,...

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