Powered by Lexis+®
Jurisdiction(s):
United Kingdom

England and Wales: Commercial Court stays Spain’s challenge to ICSID award registration in Operafund/Schwab, pending Court of Appeal ruling on intra-EU ECT enforcement in Infrastructure Services

Published on: 31 January 2024

Published by a LexisNexis Arbitration expert
Legal News
imgtext
Article summary

Operafund Eco-Invest Sicav plc, et al v Kingdom of Spain [2024] EWHC 82 (Comm)

On 25 January 2024, Lord Justice Peter Fraser, sitting in the High Court of Justice, King’s Bench Division (Commercial Court), delivered the judgment.

Jurisdictional challenge

Fraser LJ held that no decision can presently be taken on Spain’s 6 January 2023 application to set aside the court order of 14 September 2021, which registered an ICSID award made in 2019 in favour of Operafund Eco-Invest SICAV plc, incorporated in the Republic of Malta, and Schwab Holding AG, a Swiss company. He concluded that the court cannot rule on Spain’s jurisdictional objection to that registration until the Court of Appeal for England and Wales has determined the same issue concerning enforcement of an award against Spain in Infrastructure Services Luxembourg SARL, et al v Kingdom of Spain [2023] EWHC 1226 (Comm). The judge indicated that the appellate decision is anticipated in summer 2024, namely during the summer period that year...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow