- USA and ICSID—stay of enforcement of ICSID award continued (RREEF Infrastructure v Spain)
- What is this development about?
Law360: In the context of enforcement proceedings in the US District Court for the District of Columbia (DC), Spain reported to the court that the ad hoc Committee (the Committee) in parallel International Centre for Settlement of Investment Disputes (ICSID) annulment proceedings between the parties had decided that Spain would not have to provide security (or satisfy any other conditions) pending the determination of the state’s application to annul an arbitral award issued to renewable energy investors, and that a stay of enforcement of the award would be continued.
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