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Spain Leads for the Third Year the World Ranking of Unpaid Awards with 22 Cases Linked to Renewables and a Debt of 1.5 Billion
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For the third year in a row Spain leads the world ranking of unpaid arbitral awards with 22 - in its entirety related to renewable ones-, in a tie with Venezuela and far ahead of Russia (13 unpaid awards), according to the fourth edition of the Compliance Index of Arbitral Awards. The debts accumulated by Spain for the non-payment of millions of indemnities to investors that were affected by the retroactive withdrawal of premiums to renewables a…
·Spain
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