Spain Says €34M Award Over Energy Subsidies Unenforce

Spain Says €34M Award Over Energy Subsidies Unenforceable


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Spain Says €34M Award Over Energy Subsidies Unenforceable
Law360 (December 21, 2020, 6:28 PM EST) -- Spain urged a D.C. federal court on Friday to toss litigation filed by a group of European funds to enforce a €33.7 million ($37.8 million) award against it, saying the award is unenforceable in the European Union under "well-settled" precedent.
The country is seeking to annul the International Centre for the Settlement of Investment Disputes award issued to Cube Infrastructure Fund SICAV of Luxembourg, Demeter Partners SA of Paris and others in February 2019 over Spain's revoked renewable energy incentives.
As it has done in numerous U.S. enforcement actions, Spain on Friday argued the D.C. court lacks jurisdiction to hear the...

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Luxembourg , Paris , France General , France , Spain , , European Union , Cube Infrastructure Fund , International Centre For The Settlement Of Investment , International Centre , Investment Disputes , Demeter Partners , லக்ஸம்பர்க் , பாரிஸ் , பிரான்ஸ் ஜநரல் , பிரான்ஸ் , ஸ்பெயின் , ஐரோப்பிய தொழிற்சங்கம் , கன உள்கட்டமைப்பு நிதி , சர்வதேச மையம் க்கு தி தீர்வு ஆஃப் முதலீடு , சர்வதேச மையம் , முதலீடு சச்சரவுகள் , டிமீட்டர் கூட்டாளர்கள் ,

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