June 03, 2020
A D.C. federal judge has granted a bid by the Guatemalan unit of power company Teco Energy to enforce the payment of a $35 million arbitration award after the judge found that Guatemala has had more than enough time to arrange payment.
January 30, 2020
Guatemala has asked a D.C. federal judge to hold off on enforcing a $35 million arbitration award to a U.S.-based energy company while it appeals the decision to the D.C. Circuit.
January 16, 2020
U.S.-based Teco Energy Inc. told a D.C. federal judge that stronger measures should be taken to make Guatemala pay an arbitration award worth $35 million because the Central American nation has no intention of ever paying it.
December 05, 2019
Guatemala will ask the D.C. Circuit to overturn a ruling enforcing an arbitral award worth approximately $35 million that was issued to U.S.-based Teco Energy Inc. following a dispute over electricity tariffs, after the lower court rejected the country's argument that the award was tainted by fraud.
November 05, 2019
A D.C. federal judge has entered final judgment against Guatemala in a dispute over electricity rates, ruling that the country must pay more than $35.4 million to U.S.-based Teco Energy Inc., with the order coming one month after the court confirmed an arbitration award in favor of the company.
October 01, 2019
A D.C. federal judge on Tuesday confirmed a $21.1 million award issued to U.S.-based Teco Energy Inc. in a dispute with Guatemala, finding that none of the Central American country's arguments against enforcement held up to scrutiny.
October 30, 2018
A subsidiary of U.S.-based Teco Energy Inc. has urged a D.C. federal court to confirm a partially annulled $21.1 million award issued against Guatemala in a dispute over electricity rates, saying the Central American nation has offered no valid reason why the award should not be enforced.
October 01, 2018
Guatemala cannot escape a suit from a subsidiary of U.S.-based Teco Energy Inc. seeking to confirm a partially annulled $21.1 million award, with a D.C. federal court judge rejecting the Central American nation's argument that the annulment meant the award was unenforceable.
December 15, 2017
A subsidiary of U.S.-based Teco Energy Inc. told a D.C. federal court Friday that Guatemala's bid to toss its suit to confirm a partially annulled $21 million award, plus interest, following a dispute with the country over electricity tariffs is just an attempt to delay the inevitable.
November 09, 2017
Guatemala asked a D.C. federal court on Wednesday to nix a bid to enforce a $29 million International Centre for Settlement of Investment Disputes award issued to a U.S. company over electricity tariffs, arguing the company is trying to enforce annulled claims.