Summary

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Case Report (free download)

Case Report by Diana Itzel Santana Galindo, Editor: Diego Luis Alonso Massa

Summary

This Decision addresses the Applicant's application for the continuation of a provisional stay of enforcement of an ICSID award, as rectified by the Tribunal's Decision on Rectification of the Award on 29 January 2019. Followed by the Parties' Position, the Committee proceeded to analyse whether the circumstances required the stay to be continued and whether a security should be ordered. Finally, the Committee decided that that there were no circumstances requiring the Award to continue being stayed and that there was no need for the Committee to consider the Parties' submission on whether security should be ordered.

Main issues

Decision on the continuation of the provisional stay of enforcement of the ICSID award rendered on 15 June 2018.

Infrastructure Services Luxembourg S.à.r.l. and Energia Termosolar B.V. (formerly Antin Infrastructure Services Luxembourg S.à.r.l. and Antin Energia Termosolar B.V.) v Kingdom of Spain (ICSID Case No. ARB/13/31) - Annulment Proceeding - Decision on the Continuation of the Provisional Stay of Enforcement of the Award - 21 October 2019

Case report provided by International Arbitration Case Law (IACL)

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