A British judge orders the blocking of 800,000 euros in four government accounts at Banco Santander due to the loss

Plaskett received another refund for his money-making renewables application from the Cervantes Institute in the UK

A new economic and reputational blow to the Spanish state in the UK due to its resistance to compensation for renewable energy companies. A British court has ordered an €800,000 block on four UK government accounts held by the Cervantes Institute in that country so far.

The decision was approved by the High Court of Justice of England and Wales and he serves as judge Richard Harold Davison. Hence the reason why the Plaskett Group attempted to collect state assets in the United Kingdom and the government refused to implement a report granted by this body to Spain to exchange the reduction of subsidies for renewable inverters.

The decision to change the aid framework was taken by the previous government Mariano Rajoy To contain the customs deficit inherited from the previous one Zapatero Current j Pedro Sanchez resists paying costs for lost rulings, demands protection from EU.

This judicial decision, notified to Abogaca del Estado, joins other partial victories achieved by Plaskett in which a ban is underway at the headquarters of the Cervantes Institute in the UK and another office of the Government of Catalonia which the judge also decided and considers to be the property of the Kingdom of Spain. These operations are not currently affected by the activities of the two Spanish institutions, but this ban on accounts can only lead to a weakening of their liquidity. The judge also orders that the decision be communicatedPersonally, Prime Minister Pedro Sanchez and Ministers Teresa Ribera and José Manuel Albarez.

The accumulated balance in the four accounts in which the British court intervened amounts to 805,808 euros (699,057.49 pounds sterling), according to Plaskett’s lawyer.

This process is linked to the case of Inverard, which defeated Spain in a process that was directed to the International Center for Settlement of Investment Disputes (ICSID), the arbitration tribunal of the World Bank. This lawsuit began in 2014 and ended in August 2019, with a report published and confirmed in March 2021.

The complaint requested compensation of 75.7 million euros, which was reduced to 28.2 million euros once the final ruling was reached. Plaskett was trying to recover through caution in the UK.