Costa Rica, Denial of justice, Investment, Jurisdiction, Past Investment, Treaty Interpretation

(Eversheds Sutherland), (Juan Felipe Merizalde Abogados), and (Haro, Carbia & Kibrit, S.C.)/ /Leave a comment

The recently surfaced award in IC Power Asia Development Ltd. v. Guatemala dated 7 October 2020 reveals the reasoning of the Tribunal’s majority in dismissing IC Power’s claims on the merits. A majority of Albert Jan van den Berg (chair) and Raúl Vinuesa (Respondent’s appointee) dismissed IC Power’s claims on the merits, while Guido Santiago…

CAFTA, Damages, Guatemala, Latin America, Recidivism

(Eversheds Sutherland) and (Legalsa)/ /Leave a comment

US energy company TECO Guatemala Holdings, LLC (“TECO”) was awarded additional damages in a resubmitted ICSID claim against the Republic of Guatemala under the Dominican Republic-Central America-United States Free Trade Agreement (“DR-CAFTA”).1) TECO Guatemala Holdings, LLC v. Republic of Guatemala (ICSID Case No. ARB/10/23), Award, 13 May 2020. On 13 May 2020, the resubmission Tribunal…