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Novenergia v. Spain, Novenergia Deed of Assignment, January 1, 2026

21 Jan 2026
Novenergia II - Energy & Environment (SCA) (Grand Duchy of Luxembourg), SICAR v. Kingdom of Spain, SCC Case No. 2015/063
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Novenergia Deed of Assignment
Document Details:
LISTED PARTICIPANTS
Novenergia Deed of Assignment
Participants listed are for this document only and may not include all participants involved in the entire case. Always consult the original documents.
Claimant appointee
Respondent appointee
Tribunal/Panel chair
Arbitrator(s)
Sole Arbitrator
ICSID Annulment Committee president
ICSID Annulment Committee members
WTO Appellate Body members
WTO Appellate Body chair
Judges
Claimant's counsel
Claimant's law firm
Respondent's counsel
Respondent's law firm
Other counsel
Claimant's expert
Claimant's expert firm
Respondent's expert
Respondent's expert firm
Claimant's witness
Respondent's witness
Other witnesses
Tribunal secretary
Tribunal assistant
Third-party funder
Entities
Foresight Fund Managers, King & Spalding, Latham & Watkins, Orrick Herrington & Sutcliffe, Novenergia II – Energy & Environment
Country
Print reporter
Document Summary
Novenergia Deed of Assignment
This summary note is machine-generated. Always consult the original materials.

Purpose and Scope of the Assignment

This document is a Deed of Assignment dated 21 January 2026, executed between NovEnergia II Energy & Environment (SCA) SICAR, acting as the Assignor, and Foresight Fund Managers Limited, acting as the Assignee. The primary purpose of the deed is the irrevocable and unconditional assignment of all legal and beneficial rights, interests, and benefits associated with two arbitral awards rendered under the auspices of the Stockholm Chamber of Commerce (SCC). Specifically, the assignment encompasses the final award dated 15 February 2018 against the Kingdom of Spain (SCC Case No. 2015/063) and the final award dated 23 December 2018 against the Italian Republic (SCC Case No. 2015/095), as well as all proceeds and claims related to pending recognition proceedings in the United States.

Key Covenants and Warranties

Under the terms of the agreement, the Assignee assumes responsibility for pursuing the recognition and enforcement of the aforementioned awards. The Assignee further agrees to bear all taxes, costs, and expenses arising from the enforcement efforts, including legal and audit fees. The Assignor warrants that the assigned rights are transferred with full title guarantee and are free from any security interests, save for specific contingency or success fee interests held by the law firms King & Spalding, Orrick Herrington & Sutcliffe, and Latham & Watkins.

Governing Law and Jurisdiction

The deed stipulates that any disputes arising out of or in connection with the assignment shall be governed by and construed in accordance with the laws of the State of New York. Furthermore, the parties submit to the exclusive jurisdiction of the state and federal courts located in New York for the resolution of any such disputes.