Region: Spain
Telefónica wins ICSID award against Colombia
Spain's Telefónica says it has won US$380 million in damages in an ICSID claim against Colombia over the reversion of assets relating to a telecoms concession.
13 November 2024
Spanish family lose another claim against Venezuela over food business
A split tribunal has declined to hear a Spanish businessman’s US$65 million treaty claim over the alleged illegal expropriation of his interest in a food distribution business – the last of three arbitrations brought by members of the same family.
31 October 2024
UK appeal court rules out immunity defence to ICSID awards
The Court of Appeal of England and Wales has affirmed that states cannot rely on sovereign immunity to oppose the registration of ICSID awards rendered against them – dismissing appeals lodged by Spain and Zimbabwe.
22 October 2024
Water services concessionaire lodges claim against Peru
A Spanish construction company has brought a long-threatened ICSID claim against Peru over a water services concession.
17 October 2024
Spain defeats intra-EU claims at ICSID
Spain says it has defeated a pair of Energy Charter Treaty claims worth more than €72 million brought by renewables investors – the first time ICSID tribunals have found they lack jurisdiction over intra-EU disputes.
15 October 2024
Madrid, the emerging arbitration hub
Featured in The European Arbitration Review 2025
04 October 2024
Spain fails to annul one ECT award but seeks to overturn another
An ICSID committee has reportedly refused Spain’s request to annul a €28 million Energy Charter Treaty award won by a German solar investor – as the state seeks to overturn another award issued under the treaty over its renewable energy regime.
01 October 2024
Argentine court stays highway concession arbitration
A court in Buenos Aires has restrained a Spanish-led consortium from pursuing a ICC claim against Argentina while the state seeks to annul the highway concession at the centre of the dispute – as the identity of the tribunals hearing the case and a related arbitration come to light.
25 September 2024
London court lifts freeze on Luton Airport assets
Spain’s state-owned airport operator says an English court has unfrozen assets relating to London’s Luton Airport, which had been targeted by one of the state’s ICSID creditors.
20 September 2024
US appeals court rules against Spain in fight over intra-EU awards
In a closely watched case, a US appeals court has ruled that district courts have jurisdiction to enforce three intra-EU Energy Charter Treaty awards against Spain – while overturning anti-suit injunctions issued against the state.
19 August 2024