Arbitral Digest

Matter

Watkins Holdings S.a.r.l. and others v Kingdom of Spain (Federal Court of Australia NSD 449 of 2020; ICSID Case No. ARB/15/44)

Case no.
ARB/15/44
  1. 21 January 2020Arbitration

    21 January 2020Arbitration

    ICSID Award in Watkins Holdings S.a.r.l. and others v Kingdom of Spain (ICSID Case No. ARB/15/44), including the rectification decision

    International Centre for Settlement of Investment Disputes

    Decision summary
    The award imposed pecuniary obligations on the Kingdom of Spain; the tribunal's rectification decision was certified on 13 July 2020.

    Supporting details

    8 participants
    Watkins Holdings S.a.r.l.
    Watkins (NED) BV
    Watkins Spain S.L.
    Redpier S.L.
    Northsea Spain S.L.
    Parque Eolico Marmellar S.L.
    Parque Eolico La Boga S.L.
    Kingdom of Spain
    International Centre for Settlement of Investment Disputes

    3 years and 1 month later · 1127 days

  2. 21 February 2023Arbitration

    21 February 2023Arbitration

    ICSID Decision on the Annulment Application in Watkins Holdings S.a.r.l. and others v Kingdom of Spain (ICSID Case No. ARB/15/44)

    International Centre for Settlement of Investment Disputes

    Decision summary
    ICSID refused to annul the Award.

    Supporting details

    2 participants
    Watkins Holdings S.a.r.l. and others
    Kingdom of Spain
    International Centre for Settlement of Investment Disputes

    11 months and 1 day later · 335 days

  3. 22 January 2024Arbitration

    22 January 2024Arbitration

    ICSID Decision on Claimants' Rule 41(5) Application for Dismissal of Respondent's Request for Revision of the Award in Watkins Holdings S.a.r.l. and others v Kingdom of Spain (ICSID Case No. ARB/15/44)

    International Centre for Settlement of Investment Disputes

    Decision summary
    The claimants' Rule 41(5) application dismissed the respondent's request for revision of the Award and imposed the stated fees and legal expenses on the Kingdom of Spain.

    Supporting details

    2 participants
    Watkins Holdings S.a.r.l. and others
    Kingdom of Spain
    International Centre for Settlement of Investment Disputes

    1 year, 10 months and 4 days later · 674 days

  4. 26 November 2025Australia

    26 November 2025Australia

    Judgment of the Federal Court of Australia in the case NSD 449 of 2020 dated 26 November 2025

    Federal Court of Australia

    Case no.
    NSD 449 of 2020
    Decision summary
    The Court recognised as binding on Spain the ICSID Award dated 21 January 2020, including its certified rectification, the 21 February 2023 decision refusing annulment, and the 22 January 2024 revision decision. It entered judgment for Blasket Renewable Investments LLC for the Award and revision obligations, including the specified interest and costs, and ordered Spain to pay the relevant proceeding costs; the European Commission's intervention application was dismissed with costs.

    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
    A&O Shearman (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)
    European Commission
    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 (Cth)
      statute
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (1965), 575 UNTS 159
      treaty
    • Vienna Convention on Consular Relations, 596 UNTS 261
      treaty
    • Blasket Renewable Investments LLC v Kingdom of Spain ([2025] FCA 1028)
      case-law
    • Infrastructure Services Luxembourg S.a.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.a.r.l. (Security for Costs) ([2024] FCAFC 113)
      case-law
    • Kingdom of Spain v Infrastructure Services Luxembourg Sarl (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

Report a correction

Watkins Holdings S.a.r.l. and others v Kingdom of Spain (Federal Court of Australia NSD 449 of 2020; ICSID Case No. ARB/15/44) · Matter