Guatemala Seeks Stay Of Enforcement Of $35M Award Pending D.C. Circuit Appeal

(February 23, 2020, 8:55 AM EST) -- WASHINGTON, D.C. — An energy company on Feb. 12 filed its opposition to the Republic of Guatemala’s Jan. 29 motion to stay the enforcement of an arbitral award in the U.S. District Court for the District of Columbia while its appeal is pending over the ordered payment of more than $35 million, in a dispute sparked by the republic’s privatization of its largest electricity distribution company (TECO Guatemala Holdings, LLC v. Republic of Guatemala, No. 17-102, D. D.C.)....