Latest development Oct 19, 2026
Singapore’s Court of Appeal dismissed Spain’s appeal against registration.
The award
- Amount awarded
- €290.6M plus interest
- Current estimate
- Interest is small: the D.D.C. held on October 13, 2026 that the 0.234% rate is an annual rate
- Award holder
- NextEra Energy Global Holdings B.V. and NextEra Energy Spain Holdings B.V.
- Respondent
- Kingdom of Spain
- Forum
- ICSID ARB/14/11 · ECT
Challenges
Annulment rejected on March 18, 2022.
Enforcement
United States: D.D.C. (19-cv-1618) summary judgment on September 30, 2025. The Supreme Court denied cert on June 29, 2026 in the Spain group cases, and final judgment was being entered in October 2026. England: Aena’s Luton Airport shares were frozen in August 2024 and released in September 2024. Singapore: the High Court upheld registration in February 2026, and the Court of Appeal dismissed Spain’s appeal on October 19, 2026.
Recovered to date
None reported
Notes
Spain argues that EU law bars payment of intra-EU ECT awards. Courts outside the EU have so far rejected that defense.