High Court Of Australia Dismisses Spain’s Sovereign Immunity Challenge To Award

Mealey's (April 20, 2023, 2:53 PM EDT) -- CANBERRA, Australia — The High Court of Australia dismissed the Kingdom of Spain’s application appeal arising from an appellate court’s rulings rejecting Spain’s sovereign immunity defense to the recognition of a 101 million euro International Centre for Settlement of Investment Disputes (ICSID) award in favor of two energy investors and also upheld the panel’s ruling that Spain maintains its immunity from execution....

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