Guatemala Says Teco Can't Target NY Funds For $35M Award

By Caroline Simson (November 16, 2020, 8:03 PM EST) -- Guatemala has filed an emergency motion to nix a freezing order on nearly $16 million being held by Bank of New York Mellon as a Teco Energy subsidiary tries to enforce a $35 million arbitral award against the country, saying the order is putting it in danger of defaulting on its sovereign debt....

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