ICSID Tribunal Awards $27.6M More To Delaware Company In Guatemalan Tariffs Row

(May 22, 2020, 10:05 AM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) tribunal majority on May 13 awarded on resubmission approximately $27.6 million in damages and interest to a Delaware holding company for losses caused by low tariffs Guatemala set on electricity distribution that violated an international investment treaty; the company was previously awarded more than $21 million in damages for the same breach over a different time period (TECO Guatemala Holdings, LLC v. Republic of Guatemala, No. ARB/10/23, ICISD)....

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