Arbitral Digest

Matter

RREEF Infrastructure (G.P.) Ltd and RREEF Pan-European Infrastructure Two Lux S.à.r.l. v Kingdom of Spain (ICSID Case No. ARB/13/30)

Case no.
ARB/13/30
  1. 11 December 2019Arbitration

    11 December 2019Arbitration

    RREEF Infrastructure (G.P.) Ltd and RREEF Pan-European Infrastructure Two Lux S.à.r.l. v Kingdom of Spain (ICSID Case No. ARB/13/30) Award

    International Centre for Settlement of Investment Disputes

    Decision summary
    The award imposed pecuniary obligations on the Kingdom of Spain, including EUR 58,500,000 and pre-award interest at 2.07% per annum compounded monthly from 30 June 2014 until payment.

    Supporting details

    3 participants
    RREEF Infrastructure (G.P.) Ltd
    RREEF Pan-European Infrastructure Two Lux S.à.r.l.
    Kingdom of Spain
    International Centre for Settlement of Investment Disputes

    2 years, 5 months and 30 days later · 912 days

  2. 10 June 2022Arbitration

    10 June 2022Arbitration

    RREEF Infrastructure (G.P.) Ltd and RREEF Pan-European Infrastructure Two Lux S.à.r.l. v Kingdom of Spain (ICSID Case No. ARB/13/30) Decision on Annulment Application

    International Centre for Settlement of Investment Disputes

    Decision summary
    The decision on annulment imposed a pecuniary obligation on the Kingdom of Spain in the sum of GBP 791,385.23.

    Supporting details

    3 participants
    RREEF Infrastructure (G.P.) Ltd
    RREEF Pan-European Infrastructure Two Lux S.à.r.l.
    Kingdom of Spain
    International Centre for Settlement of Investment Disputes

    3 years, 5 months and 16 days later · 1265 days

  3. 26 November 2025Australia

    26 November 2025Australia

    Judgment of the Federal Court of Australia in the case NSD 2169 of 2019 dated 26 November 2025

    Federal Court of Australia

    Case no.
    NSD 2169 of 2019
    Citation
    [2025] FCA 1469
    Decision summary
    The Federal Court of Australia recognised as binding on the Kingdom of Spain the RREEF ARB/13/30 Award and the 10 June 2022 Decision on Annulment Application, and entered judgment for Blasket Renewable Investments LLC for the pecuniary obligations imposed by those decisions. The Court also ordered costs and preserved Spain’s immunity from execution.

    Supporting details

    17 authorities · 10 participants
    Blasket Renewable Investments LLC
    Representative
    J A Hogan-Doran SC (For: Blasket Renewable Investments LLC)
    Representative
    C Brown SC (For: Blasket Renewable Investments LLC)
    Representative
    Norton Rose Fulbright Australia (For: Blasket Renewable Investments LLC)
    Representative
    Linklaters LLP (For: Blasket Renewable Investments LLC)
    Kingdom of Spain
    Representative
    S Robertson SC (For: Kingdom of Spain)
    Representative
    P F Santucci (For: Kingdom of Spain)
    Representative
    Johnson Winter Slattery (For: Kingdom of Spain)
    Federal Court of Australia

    Authorities cited

    17
    • Consular Privileges and Immunities Act 1972 (Cth)
      statute
    • Federal Court of Australia Act 1976 (Cth)
      statute
    • Foreign Judgments Act 1991 (Cth)
      statute
    • Foreign States Immunities Act 1985 (Cth)
      statute
    • International Arbitration Act 1974 (Cth)
      statute
    • Federal Court Rules 2011
      statute
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States, opened for signature 18 March 1965, 575 UNTS 159
      treaty
    • Vienna Convention on Consular Relations, opened for signature 24 April 1963, 596 UNTS 261
      treaty
    • Blasket Renewable Investments LLC v Kingdom of Spain ([2025] FCA 1028)
      case-law
    • Infrastructure Services Luxembourg S.à.r.l. v Kingdom of Spain (security for costs) ([2024] FCA 234)
      case-law
    • Kim v Wang ([2025] FCA 1244)
      case-law
    • Kingdom of Spain v Infrastructure Services Luxembourg S.à.r.l. (Security for Costs) ([2024] FCAFC 113)
      case-law
    • Kingdom of Spain v Infrastructure Services Luxembourg Sàrl (No 3) ([2021] FCAFC 112; 392 ALR 443)
      case-law
    • Swiss Bank Corporation v New South Wales ((1993) 33 NSWLR 63)
      case-law
    • Tianjin Jishengtai Investment Consulting Partnership Enterprise v Huang ([2020] FCA 767)
      case-law
    • Traxys Europe SA v Balaji Coke Industry Pvt Ltd (No 5) ([2014] FCA 976; 318 ALR 85)
      case-law
    • Traxys Europe SA v Balaji Coke Industry Pvt Ltd (No 2) ([2012] FCA 276; 201 FCR 535)
      case-law

Matter record

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RREEF Infrastructure (G.P.) Ltd and RREEF Pan-European Infrastructure Two Lux S.à.r.l. v Kingdom of Spain (ICSID Case No. ARB/13/30) · Matter