Tribunal Denies Some Of Guatemala’s Objections To $320M Electricity Claims

(December 15, 2023, 9:43 AM EST) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on Dec. 14 published a tribunal’s ruling refusing to terminate two consolidated claims brought against the Republic of Guatemala by Colombian and Guatemalan electricity investors after granting and rejecting in part Guatemala’s preliminary objections and rejecting its arguments that the investors should have pursued administrative or legal remedies instead of arbitration....