Mealey’s: A District of Columbia federal judge on 30 September 2025 granted summary judgment and confirmed an International Centre for Settlement of Investment Disputes (ICSID) arbitral award worth more than €290.6m in favor of two Dutch renewable energy investors against the Kingdom of Spain, while Spain’s petition for certiorari to the US Supreme Court regarding a jurisdictional ruling in the case remains pending.

This is the risk-free rate that is now used as a base for EONIA and which will ultimately replace it. It reflects the wholesale euro unsecured overnight borrowing costs of euro area banks—see LIBOR transition.