The Diplomat
The Belgian Justice has raised the embargo on Spain and its collection by the American fund Blasket Renewable Investments to 80 million euros.
Legal sources indicated on Tuesday that Eurocontrol complied with the order of the Belgian Justice and informed the complaining company of the total amount subject to the embargo.
Thus, the exact figure amounts to 83.7 million euros, of which 79.98 million euros correspond to the pending payments to Enaire for the air traffic management and management service in Spain during the month of June. Europa Press reports.
The same sources indicated that the embargo order will remain in force until the situation is resolved, which means, for example, that payments for the coming months would also be blocked, pending resolution of the controversy. Furthermore, they estimated that it is foreseeable that other affected investors will join these actions, since the Belgian Justice allows other creditors to join the claim and benefit from this protection measure that seeks to avoid new defaults.
Last June it was learned that the Belgian Justice had authorized the seizure of 32 million from Spain for non-payments of renewables and its collection by the American fund Blasket Renewable Investments. The Belgian courts thus followed in the footsteps of the British and authorized the seizure of the income obtained by the Kingdom of Spain as a result of the management of its air traffic control.
The British courts have already recognized the existence of these debts in the past and have authorized the precautionary seizure of the headquarters of the Cervantes Institute in London, the British economic promotion office of the Generalitat of Catalonia, the building of the Vicente Cañadas International School, four bank accounts or the right to collect compensation for the Prestige disaster, valued at more than 900 million euros.
In this new decision, the Belgian Justice responded to a petition originally presented before the Court of First Instance of Brussels and finally resolved by Chamber 17 of the Belgian Court of Appeals, which issued a ruling dated June 18 through the which authorizes the embargo claimed by Blasket Renewable Investments, one of the 26 companies affected by the non-payments, owner of the Infrared case.
However, the Government has already indicated that it would oppose the Belgian judicial decision, issued in a procedure in which the Kingdom of Spain has not been a party, for contravening European regulations on State Aid, as well as for the non-seizability of the credit rights that Enaire holds against Eurocontrol, an international organization.
Furthermore, they considered that the American fund, contravening the Law of the European Union on State Aid and with full knowledge of the obligation of the Kingdom of Spain not to make any payment derived from the awards imposed by the European Commission, requested the execution of the award to the Belgian jurisdictional authorities, urging the seizure of the credit rights that Enaire, the entity in charge of providing air navigation services, holds against Eurocontrol, an international organization.
