November 25, 2020
Guatemala has paid $37.4 million to a subsidiary of U.S.-based Teco Energy Inc. to satisfy an arbitral award the country had challenged for seven years in a long-running dispute over electricity tariffs.
November 16, 2020
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.