- USA—judge refuses to dismiss claim to enforce ICSID award, but grants stay (Cube Infrastructure Fund v Spain)
- What did the court decide?
Law360: A DC federal judge rejected Spain's request to dismiss a claim to enforce an International Centre for Settlement of Investment Disputes (ICSID) award against it by a group of investors and private equity funds from France and Luxembourg, but granted the state’s motion for a stay pending the determination of ICSID annulment proceedings regarding the award, and ordered the parties to provide the court with regular status updates.
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