The resolution, which authorizes the implementation of a judgment punishing Spain to compensate the Japanese company JGC in the amount of 23.5 million euros, is an earlier step towards a possible embargo on Spanish assets on US soil.
Spain has been dealt a new blow in an arbitration battle over renewable energy premium reductions. A federal court in the United States for the first time permitted the enforcement of an arbitration award which benefits the Japanese company JGC, and that
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