Plaintiff 9REN Holding S.A.R.L. seeks to enforce a € 41 million arbitral award issued by the International Centre for Settlement of Investment Disputes (ICSID) against Defendant, the Kingdom of Spain. Spain moves to dismiss or stay the proceedings until the ICSID Tribunal decides on its petition to annul. (ECF No. 11.) 9REN moves for judgment on the pleadings. (ECF No. 14.) This court agrees with other courts in this district that "it is wiser to. . . stay these proceedings pending the opinion of the ICSID regarding Spain's petition to annul." See Masdar Solar & Wind Cooperatief U.A. v. Kingdom of Spain, 397 F. Supp. 3d 34, 36 (D.D.C. 2019).
For the reasons stated below, the court finds that a temporary stay is warranted, and therefore the court will GRANT Spain's motion to stay. The court will further deny, without prejudice, Spain's motion to dismiss and 9REN's motion for judgment on the pleadings.