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STEAG GmbH v Spain, Decision on the stay of enforcement of the award (annulment proceeding), ICSID Case No ARB/15/4, IIC 1861 (2022), 18th August 2022, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]

From: Investment Claims (http://oxia.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved. date: 24 June 2024

1. This Decision addresses an application initially submitted on 15 December 2021 and briefed on 19 April 2022 and 30 May 2022 by the Kingdom of Spain (“Spain” or the “Applicant”), asking the ad hoc Committee to continue the stay of enforcement of the Award rendered on 17 August 2021 in ICSID Case No. ARB/15/4 between STEAG GmbH (“STEAG”) and Spain (the “Award”). 2. The dispute in the underlying arbitration related to various legislative and regulatory measures implemented by Spain that modified the regulatory and economic regime applicable to producers of...
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