Luxembourg Company Seeks To Enforce $48.1M Euro Award Against Spain

Mealey's (March 1, 2023, 12:24 PM EST) -- WASHINGTON, D.C. — A Luxembourg entity as assignee of award rights from four European investors recently petitioned in District of Columbia federal court to enforce an arbitral award against the Kingdom of Spain worth more than 48.1 million euros for harming the assignors’ investments in renewable energy by rolling back legislative investment incentives....