German company Sunflower cannot enforce in Israel a binding arbitration award requiring the Spanish government to pay it €18.4 million plus €1.5 million in costs.
An EU report concluded Israel might be breaching human rights in Gaza. The bloc could suspend a major trade deal, but it won't. A brief hardening towards Israel appears to have dissipated after recent tensions with Iran.
The Spanish government made its first payment as a result of an arbitration decision in 2021 around the country’s move to change investor incentives tied to renewable energy projects, following a number of lengthy legal battles between Spain and various creditors.
The European Commission handed Spain a victory when it instructed the country not to pay any compensation in a case related to claims amounting to billions of euros on renewable energy subsidies cut more than a decade ago.
Tens of thousands of Spanish farmers protested in Madrid, expressing their rejection of the EU-Mercosur trade agreement, which they say creates unfair competition between the two trading blocs.
Spain has called on fellow members of the European Union to suspend a free trade deal between the EU and Israel, amid the regime's ongoing aggression in the Gaza Strip.