Italy’s Sovereign Immunity Defense To Arbitral Awards Not Barred By Precedent

Mealey's ( February 12, 2025, 12:16 PM EST) -- WASHINGTON, D.C. — A District of Columbia federal judge ordered a bifurcated proceeding in petitions by European solar power investors seeking to enforce arbitral awards against the Italian Republic that are collectively worth more than 24.5 million euros plus interest accruing since 2015, writing that Italy’s sovereign immunity defense is not barred by precedent in part because Italy won applications to set aside the awards in Sweden....

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