Nick Cherryman, the titan of law who seizes assets from Spain due to Sánchez’s non-payments to renewables

Nick Cherryman has been included year after year on the Legal 500 list as one of the world’s leading lawyers. Partner of the New York law firm Kobre & Kim, he has a long career in the field of international commercial law and the resolution of non-payment situations through special seizure and asset seizure procedures.

The Kingdom of Spain is suffering from the application of these exceptional measures due to the decision of Pedro Sánchez’s government to fail to pay compensation recognized by international courts to companies that suffered the retroactive withdrawal of premiums for renewables. These awards urge the Spanish Executive to compensate those affected with compensation worth 1,200 million euros , but Moncloa has refused to comply with such obligation, placing our country in an unprecedented situation.

Click here to read the full article: