Magistrate Judge Stays Bid To Enforce 101M Euro Award Pending Intra-EU Appeals

(September 15, 2023, 1:53 PM EDT) -- WASHINGTON, D.C. — A District of Columbia federal magistrate judge in a docket entry granted the Kingdom of Spain’s motion to stay a petition by Luxembourg and Netherlands investors seeking to enforce an International Centre for Settlement of Investment Disputes (ICSID) arbitral award worth more than 101 million euros against it pending the outcome of three appeals that all involve the same question of whether a federal court may enforce an intra-European Union arbitral award....