Guatemala Must Pay Holding Company More Than $35M For ICSID Award, Interest

Mealey's (November 20, 2019, 4:10 PM EST) -- WASHINGTON, D.C. — In a Nov. 4 order, a federal judge in the District of Columbia ordered the Republic of Guatemala to pay a holding company in accordance with an arbitration award issued by the International Centre for Settlement of Investment Disputes (ICSID) in December 2013 more than $35 million for the award and interest and more than $300,000 in accordance with an April 2016 annulment award (TECO Guatemala Holdings, LLC v. Republic of Guatemala, No. 17-102, D. D.C.)....