Spain Asks D.C. Federal Court To Dismiss Petition To Confirm $150M Award

Mealey's (December 19, 2018, 2:00 PM EST) -- WASHINGTON, D.C. — The Kingdom of Spain on Dec. 14 filed a motion in a District of Columbia federal court to dismiss a petition filed by investors to confirm a $150,016,000 arbitral award, arguing that it is entitled to sovereign immunity under the Foreign Sovereign Immunities Act (FSIA) (Eiser Infrastructure Limited, et al. v. Kingdom of Spain, No. 1:18-cv-01686, D. D.C.)....