Judge Applies Federal, Not ICSID, Postjudgment Interest Rate To Award

Mealey's ( November 25, 2025, 2:58 PM EST) -- WASHINGTON, D.C. — A District of Columbia federal judge on Nov. 24 ruled that postjudgment interest should accrue on a confirmed International Centre for Settlement of Investment Disputes (ICSID) arbitral award against the Kingdom of Spain worth more than 28 million euros plus interest at the federal statutory rate, not the post-award rate ordered by the tribunal, rejecting an issue of first impression regarding the merger doctrine’s applicability to the issue....