Judge Stays Energy Investors’ Action To Confirm 30M Euro Award Against Spain

Mealey's (June 30, 2022, 1:49 PM EDT) -- WASHINGTON, D.C. — A Washington, D.C., federal judge on June 28 granted the Kingdom of Spain’s motion to stay a petition brought by two hydro power investors from Luxembourg and Sweden to enforce an International Centre for Settlement of Investment Disputes (ICSID) award worth more than 30 million euros pending the resolution of Spain’s application to annul the award....