Spain's Crossroads over Renewable Arbitrations
Los acreedores pasan a ejecutar los embargos que Bruselas veta y Washington autoriza, con casi 3.000 millones provisionados
The open front against the Spanish State by investors who suffered the cut in renewable energy subsidies over a decade ago and took international courts seeking redress is entering a new stage. The creditor firms that already have arbitration awards in their favour have concluded the search for Spanish assets abroad that can be embargoed and will focus on executing those that have already been located.
In fact, they have already been brought to the attention of the relevant courts. Furthermore, this turning point coincides with new court rulings. The United States has just given the green light to the execution via embargo of the Antin fund's award, worth around 100 million euros, an execution that Brussels had vetoed. A real legal tangle.
Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.
