U.K. Supreme Court Says Spain, Zimbabwe, Waived Immunity From ICSID Awards

( March 5, 2026, 1:25 PM EST) -- LONDON — The Supreme Court of the United Kingdom on March 4 unanimously dismissed two consolidated appeals brought by the Kingdom of Spain and Republic of Zimbabwe challenging the jurisdiction of English courts over enforcement actions brought by investors seeking to enforce International Centre for Settlement of Investment Disputes (ICSID) awards against them collectively worth more than $226 million, finding that they waived their immunity defenses by entering the ICSID Convention....