Latest development 2025
Spain’s appeal to the D.C. Circuit is pending.
The award
- Amount awarded
- About €33.7M plus interest
- Current estimate
- U.S. recognition of about €40.2M
- Award holder
- Cube Infrastructure Fund SICAV and others
- Respondent
- Kingdom of Spain
- Forum
- ICSID ARB/15/20 · ECT
Challenges
Annulment concluded (not verified).
Enforcement
United States: the D.D.C. (20-cv-1708) granted enforcement in 2025, and Spain appealed to the D.C. Circuit.
Recovered to date
None