Federal Judge Grants Spain’s Motion To Stay Petition Seeking To Enforce $74M Award

Mealey's (September 23, 2019, 9:36 AM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on Sept. 18 granted the Kingdom of Spain’s motion to stay a petition seeking to enforce an approximately $74,271,750 international arbitral award after determining that it is appropriate to stay the suit until the International Centre for the Settlement of Investment Disputes (ICSID) resolves the kingdom’s annulment application before the ICSID (Masdar Solar & Wind Cooperatief U.A. v. Kingdom of Spain, No. 18-02254, D. D.C.)....