Judge Stays Enforcement Of Award Against Spain Pending Annulment Proceeding

Mealey's (May 24, 2021, 10:41 AM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on May 17 denied the Kingdom of Spain’s motion to dismiss a petition to enforce an arbitral award against it worth more than 51 million euros for breaches of the Energy Charter Treaty (ECT) but granted Spain’s motion to stay the action pending the results of its application to annul the award before the International Centre for Settlement of Investment Disputes (ICSID)....