US EditionThe Creditors of the Renewables Maneuver to Seize Goods From Spain in the Us and Point to the World Cup of 2026
6 Articles
6 Articles
They send information requirements to institutions, state companies and companies involved in organizing the event.
Entities involved in the 2026 World Cup may be affected, as may other branches of the Spanish state.
The embargo on Spanish goods in countries like the United States and the United Kingdom for non-payments to the renewables of the government of Pedro Sánchez is getting closer and closer. Creditor funds have taken the first step in the US courts to locate Spain's assets in the country, where there are seven judgments against Spain that add up to almost 700 million euros for these non-payments to renewables.
The international creditors affected by the retroactive cuts to the renewable energy premiums approved in the past by the governments of José Luis Rodríguez Zapatero and Mariano Rajoy have initiated the legal requirements for the embargo of goods to the Kingdom of Spain in the United States. According to Europa Press in legal sources, [...] La entrada Creditors initiate legal requirements for embargo of goods to Spain in the United States for cu…
The creditors affected by the retroactive cuts to the renewable energy premiums approved by the government have stepped on the accelerator in their enforcement strategy in the face of Spain’s refusal to pay the arbitral awards. After several court victories, they have applied for judicial authorization to register the awards in other federal districts, among which is the Southern District of New York, where they consider that there could be asse…
Several investors with favourable awards of a total of 690 million euros initiate the legal requirements to seize Spanish goods. Among the options, they also analyze the possibility of intervening collections and payments linked to the participation of the Spanish team in the World Cup. Read
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