D.C. Federal Judge Says Guatemala Must Pay $21M Award To Holding Company

Mealey's (October 10, 2019, 9:47 AM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on Oct. 1 granted  a Guatemalan holdings company’s motion for judgment on the pleadings as to its petition to confirm a more than $21 million international arbitral award issued in its favor and against the Republic of Guatemala after determining that the award is binding on the parties (TECO Guatemala Holdings, LLC v. Republic of Guatemala, No. 17-102, D. D.C., 2019 U.S. Dist. LEXIS 169168)....