Written by 1:07 am EU Investment

Spain Says Solar Investor Can’t Enforce $28.5M Award

By Keith Goldberg (September 12, 2022, 9:07 PM EDT) — Spain on Friday renewed its bid to nix a British renewable energy investor’s pursuit of a €28.2 million ($28.5 million) arbitral award against it in D.C. federal court following a yearlong stay of the litigation, arguing that the investor can’t use U.S. courts to pursue an award barred by EU law.

Spain had initially moved to dismiss InfraRed Environmental Infrastructure GP Ltd.’s enforcement suit over the arbitral award won before the International Centre for Settlement of Investment Disputes last year. But U.S. District Judge John D. Bates put the case on hold in June 2021 pending the outcome of Spain’s bid to…

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