CL-2021-000481 - [2025] EWHC 2874 (Comm)

For the reasons set out above, I conclude that (a) Spain is not estopped from asserting that the Award in issue in these proceedings is non-assignable; (b) as a matter of construction of the ICSID Convention and/or ECT, Awards made in ICSID Convention arbitrations, alternatively in such arbitrations concerning ECT disputes, are not assignable and (c) that position did not alter following registration of the Award in accordance with the Arbitration (International Investments Disputes) Act 1966.