International Cross-Actions Between Spain and NextEra Regarding a € 290 Million ICSID Award

By Diego Luis Alonso Massa, 9 February 2023

The Kingdom of Spain and NextEra have initiated Cross-Actions before Dutch and US Courts, respectively, in the framework of the enforcement proceedings of a € 290.6 million Award rendered in 2019 by an ICSID Arbitral Tribunal in favour of NextEra and against Spain (NextEra Energy Global Holdings B.V. and NextEra Energy Spain Holdings B.V. v. Kingdom of Spain, Case No. ARB/14/11)....