Region: Guatemala

Guatemala to settle ICSID power tariff feud

Guatemala has agreed to pay US$46 million to a US investor to settle a long-running dispute over electricity tariffs that went before four different ICSID panels.

24 November 2022

Guatemalan bank sees off ICDR claim in bribery dispute

A Guatemalan bank has defeated an ICDR claim worth almost US$400 million brought under a share purchase agreement allegedly procured through bribery.

28 October 2022

Contractor pursues triple enforcement bid against Guatemala

A Guatemalan construction company has asked a US court to enforce three awards together worth at least US$60 million including interest that it won against Guatemala over its work on road rehabilitation projects.

13 June 2022

“Our hands are tied”: US appeals court reluctantly upholds Guatemalan hydro award

A US appeals court has reluctantly dismissed a bid to annul a US$7 million ICC award concerning a Guatemalan hydroelectric project, finding it is bound by previous rulings in which it has “gotten it wrong” on the key issue, despite them clashing with Supreme Court precedent.

08 June 2022

Guatemala chases Israeli investor over costs

An UNCITRAL award favouring Guatemala has surfaced as the state applies to collect costs from an Israeli energy company behind a failed US$117 million investment treaty claim.

17 January 2022

Colombian group brings second claim against Guatemala

A Colombian energy distributor has launched a second ICSID claim against Guatemala over a project to upgrade the country’s electrical grid.

10 December 2021

Mexico and Guatemala face new ICSID claims

Mexico has been hit with a second ICSID claim relating to a venture to provide digital technology for taxis – as Guatemala faces a claim by a Panamanian investor in a hydroelectric project.

16 November 2021

Expert ties under scrutiny in Guatemala annulment bid

Guatemala has applied to annul an ICSID award on the basis of Bulgarian arbitrator Stanimir Alexandrov's alleged failure to disclose ties with an expert witness – a year after Spain successfully annulled an award based on similar allegations.

24 February 2021

Guatemala launches counterclaim in mining dispute

Guatemala has lodged a counterclaim in a US$350 million DR-CAFTA dispute with third-party funded mining investors, seeking damages for alleged misrepresentation and a failure to meet environmental commitments.

12 February 2021

Guatemala pays ICSID award to avoid default

Guatemala has paid US$37.3 million to an ICSID creditor to lift an attachment on bond payments and avoid a sovereign default – though it has still to honour another award worth US$55 million rendered in the same dispute.

26 November 2020

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