Spain Urges Court To Dismiss German Investor’s Petition To Confirm 22M Euro Award

Mealey's (February 24, 2023, 1:20 PM EST) -- WASHINGTON, D.C. — The Kingdom of Spain argues in a District of Columbia federal court brief in support of its motion to dismiss a German energy investor’s petition to enforce an International Centre for Settlement of Investment Disputes (ICSID) award worth more than 22 million euros that the investor has sued it in the United States only to avoid European Union law prohibiting enforcement of the award and that recent rulings in the district court allowing such petitions to proceed are incorrect....