Legal News

USA—judge refuses to dismiss claim to enforce ICSID award, but grants stay (Cube Infrastructure Fund v Spain)

Published on: 20 May 2021
Published by: Law360
  • USA—judge refuses to dismiss claim to enforce ICSID award, but grants stay (Cube Infrastructure Fund v Spain)
  • What did the court decide?

Article summary

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. or take a trial to read the full analysis.

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