He british high court has granted to French investment group in renewable energy I gave an interim order of embargo of the Spanish Institute in London for non-payment by the Government of Spain of an arbitral award valued at €120 million.
In an opinion released today, Judge Gary Thornett authorizes Infrastructure Services Luxembourg y solar thermal energy -the holders of the so-called Antin award- to seize the land where the Vicente Cañada Blanch Spanish Institutein a former Dominican convent in the London neighborhood of Notting Hill.
Sources close to the investors have confirmed to EFE that the seizure order will not be executed immediately, unless it is ratified in a forthcoming trial on a date to be determined.
A US investment fund declares Spain in “technical default” for the award of renewables
Besides, The Spanish Government has a period of two months to request the annulment of this precautionary collection order, as specified in the court document dated August 2.
Antin’s headlines, immersed in a judicial process against Spain in the United Kingdom and other countrieshave resorted to this provisional seizure order to force the Executive of Madrid to comply with the award issued in 2018 by ICSID, an organization associated with the world Bank (BM) a Washington.
This award, also registered in England, obliges the Government to pay them 120 million euros plus interest for the losses suffered when in 2013 it reduced aid from 2007 to renewable energy.
2023-08-04 17:24:58
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