Spain is fighting a colossal battle against NextEra in two jurisdictions. The first is in the ๐จ๐ฆ ๐๐ถ๐๐๐ฟ๐ถ๐ฐ๐ ๐๐ผ๐๐ฟ๐ ๐ผ๐ณ ๐๐ผ๐น๐๐บ๐ฏ๐ถ๐ฎ, where NexEra tries to enforce the ICSID Award. And the second is the ๐๐ผ๐๐ฟ๐ ๐ผ๐ณ ๐๐บ๐๐๐ฒ๐ฟ๐ฑ๐ฎ๐บ, NextEra’s headquarters, where Spain tries to obtain an order forcing the claimant to withdraw the enforcement proceedings in the US through a โฌ30,000 daily sanction.
This play has naturally not gone well with ๐จ๐ฆ ๐๐ถ๐๐๐ฟ๐ถ๐ฐ๐ ๐๐๐ฑ๐ด๐ฒ ๐๐ต๐๐๐ธ๐ฎ๐ป, who had harsh words for the Spanish defence:
“๐บ๐๐๐๐โ๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ‘[๐]๐๐๐๐ ๐๐๐ ๐ซ๐๐๐๐ ๐จ๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐ ๐๐ , ๐๐๐๐ ๐ช๐๐๐๐ ๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐ ๐๐ ๐ต๐๐๐๐ฌ๐๐โ๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐ [๐๐๐๐ ๐๐๐๐]” ๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐. […] ๐ฐ๐ ๐บ๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐ซ๐๐๐๐ ๐จ๐๐๐๐๐, ๐๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐ ๐๐๐ “๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐ ๐๐ ๐ต๐๐๐๐ฌ๐๐โ๐ ๐๐๐๐๐๐๐๐’ ๐๐ ๐๐๐, ๐๐ ๐ต๐๐๐๐ฌ๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐. ๐ป๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐โ๐ ๐๐๐๐๐๐๐๐๐๐, ๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐ ๐๐๐๐๐๐๐๐๐๐๐.”
These issues and many others are addressed in my latest article entitled: “๐จ๐ฆ ๐๐ถ๐๐๐ฟ๐ถ๐ฐ๐ ๐ฐ๐ผ๐๐ฟ๐ ๐ด๐ฟ๐ฎ๐ป๐๐ ๐ฎ๐ป ๐ฎ๐ป๐๐ถ-๐๐๐ถ๐ ๐ถ๐ป๐ท๐๐ป๐ฐ๐๐ถ๐ผ๐ป ๐๐ผ ๐ก๐ฒ๐ ๐๐๐ฟ๐ฎ ๐ฎ๐ป๐ฑ ๐๐ฒ๐๐ฒ๐ฟ๐ฒ๐น๐ ๐ฐ๐ฟ๐ถ๐๐ถ๐ฐ๐ถ๐๐ฒ๐ ๐ฆ๐ฝ๐ฎ๐ถ๐ปโ๐ ๐๐๐๐ฏ๐ฏ๐ผ๐ฟ๐ป ๐ฑ๐ฒ๐ณ๐ฒ๐ป๐ฐ๐ฒ. ๐ ๐น๐ถ๐ด๐ต๐ ๐ฎ๐ ๐๐ต๐ฒ ๐ฒ๐ป๐ฑ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐๐ป๐ป๐ฒ๐น ๐ถ๐ป ๐๐ต๐ถ๐ ๐ฎ๐๐ฎ๐ฟ๐ฑ ๐ฒ๐ป๐ณ๐ผ๐ฟ๐ฐ๐ฒ๐บ๐ฒ๐ป๐ ๐ผ๐ฑ๐๐๐๐ฒ๐?” available through Lexis Nexis paywall.
Read the full article, published in LexisNexis, here
