English High Court Greenlights Enforcement of an ICSID Arbitration Award Issued in Intra‑EU Investment Treaty Proceedings

October 2023
Region: Europe

A major development in the intra-EU investment treaty arbitration saga recently played out before the English courts. In Infrastructure Services Luxembourg and Energia Termosolar v.Spain (Antin v. Spain) the High Court took a stance in favour of recognition and enforcement of intra-EU awards issued under the ICSID Convention. Antin v. Spain follows the precedent set by the UK Supreme Court in Micula v. Romania, which held that the EU treaties did not supersede the UK’s obligations under the ICSID Convention.