Law360 (May 22, 2020, 4:51 PM EDT) -- The D.C. Circuit has rejected Guatemala's bid to pause the enforcement of an $35 million arbitral award in favor of a Teco Energy subsidiary following a dispute over electricity tariffs.
In a one-page order Thursday, a three-judge panel said Guatemala had not satisfied "the stringent requirements" for a stay pending appeal of U.S. District Judge Randolph D. Moss's ruling enforcing the award issued to U.S.-based Teco Guatemala Holdings LLC.
An ICSID tribunal determined in December 2013 that the country was liable for Teco Guatemala's losses for the period before it sold its interest in a local electricity company called Empresa Electrica de...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!