Court Stays 26.5M Euro Award Action Against Spain Pending High Court Petition

Mealey's ( January 13, 2025, 8:24 AM EST) -- WASHINGTON, D.C. — A District of Columbia federal judge granted the Kingdom of Spain’s request to stay an action to enforce an arbitral award against it in favor of a European Union investor for violation of the Energy Charter Treaty (ECT) pending the outcome of Spain’s planned petition for a writ of certiorari to the U.S. Supreme Court challenging the District of Columbia Circuit U.S. Court of Appeals’ finding of jurisdiction over it....