E.On seeks US enforcement of $315M ICSID award against Spain

German energy firm E.On is petitioning a US court to enforce a $315 million ICSID arbitration award against Spain, stemming from retroactive cuts to renewable energy subsidies. This is the third-largest penalty among Spain's lost arbitrations, and the US enforcement move signals a shift in strategy to secure payment. The outcome could set a precedent for other investors seeking to enforce similar awards.

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