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International Law Keyed to Damrosche
Barcelona Traction, Light and Power Company, Ltd. (Belgium v. Spain)
Facts
The Barcelona Traction, Light, and Power Co, was incorporated and registered in Canada for the purpose of developing and operating electrical power in Spain (D). The company was declared bankrupt by a Spanish court after the Spanish Civil War and its assets were seized. After the end of the Canadian interposition, an action for damages against Spain (D) was brought by Belgium (P) for what it termed expropriation of the assets of the traction Co. on the ground that a large majority of the stock of the company was owned by Belgian (P) nationals. Preliminary objections was raised by Spain (D) that the plaintiff lacked standing to bring suit for damages to a Canadian company.
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