Belgian Court Backs Seizure of Spanish Assets in Renewables Saga
- Judge orders seizure of €32 million of payments due to Enaire
- Spain refused to pay awards related to energy investments
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A Belgian court has approved the seizure of €32 million owed to a Spanish state-owned company as part of a long-running dispute over soured investments in renewable energy, according to a court document seen by Bloomberg.
The decision is linked to an arbitration award won against Spain, in which the country was sentenced to pay €28 million ($30.75 million) in 2021. Spain has refused to pay the sum thus far, so the amount accumulated interest.