Spain’s Challenge To ICSID Award Stayed In England Pending Related Appeal

Mealey's (January 29, 2024, 12:09 PM EST) -- LONDON — An English justice delaying ruling on Spain’s application to set aside the High Court of Justice’s registration of an International Centre for Settlement of Investment Disputes (ICSID) award against it worth more than 33 million euros pending an appeal on the related issue of whether Spain is bound to an arbitration agreement with a citizen of a European Union state despite EU law prohibiting intra-EU arbitrations....