$7M Award Again Confirmed In Guatemalan Business’s Favor On Remand From 11th Circuit

(July 31, 2023, 2:13 PM EDT) -- MIAMI — A Florida federal judge on July 28 confirmed an International Chamber of Commerce tribunal’s award worth more than $7 million issued in a dispute over a Guatemalan hydroelectric dam project, finding after applying domestic grounds for vacatur as ordered by the 11th Circuit U.S. Court of Appeals that the arbitrators did not exceed their powers in ordering the award-debtor to return advance payments with interest and to issue new bonds....