Australian Federal Court Sets Aside Order Enforcing 101M Euro Award Against Spain

Mealey's (February 18, 2021, 8:29 AM EST) -- MELBOURNE, Australia — A Federal Court of Australia Full Court panel on Feb. 1 set aside a court order directing the Kingdom of Spain to pay 101 million euros to a pair of European renewable energy investors, finding that while the court properly found that Spain can’t claim sovereign immunity from the award, the form of the court’s order was improper for a recognition proceeding under Australian law....