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Investment treaty awardUnpaid

Watkins Holdings v. Spain

Cuts to renewable energy incentives

Headline amount
€77M≈$86.1M · Principal
Respondent
SpainState
Awarded
Jan 21, 2020
Status
UnpaidNothing collected

Latest development Jul 2026

Post-judgment filings in the D.D.C.

The award

Amount awarded
€77M plus interest
Current estimate
U.S. recognition of about €79.5M
Award holder
Watkins Holdings Sàrl and affiliates (Bridgepoint)
Respondent
Kingdom of Spain
Forum
ICSID ARB/15/44 · ECT

Challenges

Annulment outcome not verified.

Enforcement

United States: the D.D.C. (20-cv-1081) enforced the award. The case closed on September 12, 2025, with post-judgment filings in June and July 2026.

Recovered to date

None