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A UK court has ruled for the first time that Spain cannot avoid enforcement of an ICSID award by invoking EU law prohibitions on intra-EU investment arbitration.
25 May 2023
A Florida-based renewable energy group is the latest of Spain’s ICSID creditors to seek enforcement in the Australian courts.
17 May 2023
A panel at London International Disputes Week considered the mechanisms available to parties seeking compensation for damages suffered as a result of Russia’s invasion of Ukraine.
16 May 2023
The Swiss Federal Supreme Court has rejected a bid to attach assets belonging to Spain, affirming that an ICSID award holder targeting a foreign state’s assets must demonstrate the matter has a “sufficient domestic connection” to Switzerland.
03 May 2023
Australia’s highest court has affirmed that Spain cannot invoke sovereign immunity to avoid the recognition and enforcement of a €101 million ICSID award – and that the European Court of Justice’s prohibition against intra-EU investment arbitration is irrelevant to this question.
12 April 2023
Spain’s quixotic battle with renewable energy creditors has taken a new turn as an award holder freezes state assets including the London premises of the country’s language and cultural centre, the Cervantes Institute.
06 April 2023
A split tribunal has refused to hear a US$170 million treaty claim brought against China by a Singaporean investor whose phosphate mining activities were curtailed to make way for a panda reserve.
28 February 2023
Luxembourg assets belonging to Malaysia’s national oil company have been frozen for a second time at the request of Philippine nationals seeking to enforce a US$15 billion award against the Asian state.
16 February 2023
A US court has rejected Nigeria’s jurisdictional objections to the enforcement of a US$70 million investment treaty award won by a Chinese investor over a joint venture to develop a free trade zone, dismissing the state’s arguments based on sovereign immunity.
30 January 2023
The Hague Court of Appeal has enforced a US$105 million ICC award against an Iraqi state entity over the construction of the longest sea wall in the world, after rejecting its state immunity defence.
21 November 2022
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