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Foresight Luxembourg Solar 1 S.A.R.L. et al v. Kingdom of Spain
Case Number:
1:19-cv-03171
Court:
Nature of Suit:
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Firms
Government Agencies
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May 07, 2019
EU Says €39M Award Against Spain Cannot Be Confirmed
The European Commission has urged a New York federal court to side with Spain and reject a bid to enforce a €39 million ($43.8 million) arbitral award against the country, saying the award was improperly issued and goes against European Union law.
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April 18, 2019
Spain Says $44M Solar Award Can't Be Enforced
A New York federal court on Thursday nixed a bid for oral argument in a case in which renewable energy investors are looking to enforce a €39 million ($43.8 million) arbitral award against Spain, even as the country argues that the award is unenforceable because it is under scrutiny in Sweden.
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April 11, 2019
Spain Takes $44M Solar Award Fight To Federal Court
Spain has asked a New York federal court to rule on a petition to enforce a €39 million ($43.9 million) arbitral award won by investors who claimed the country had wrongly scaled back economic incentives applicable to the renewable energy sector.