
Spain makes rare arbitration award payment
Dippy Singh
,
In what is believed to be the first time, Spain has made good on an ICSID arbitral award payment stemming from the withdrawal of its renewable energy incentives for investors over a decade ago. One arbitration expert tells CDR why this could be a turning point.
In a noteworthy win, the US fund Blasket Renewable Investments has secured a EUR 32 million arbitral award payment from the Kingdom of Spain following long, drawn-out efforts from a stream of investors to pursue the European country as
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Dippy Singh
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Arbitration arbitration award Blasket Renewable Investments Energy Charter Treaty Gibson, Dunn & Crutcher ICSID Investor-state dispute JGC Holdings Corporation Matthew McGill Professor Nikos Lavranos renewable energy incentives Spain US US District Court for the District of Columbia
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