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News and Analysis — Investment Arbitration — PCA

Guatemala seeks recognition of arbitration award against Israeli company in the United States

, and Diego L. Alonso Massa

January 19, 2022 . 10:03 AM

4 min read

Photo by ruddy.media / Unsplash

Israeli company IC Power Asia (IPCA) has so far failed to meet its obligation to reimburse the Guatemalan government after its USD 117 million claim was dismissed on 7 October 2020 and it was ordered to pay arbitration and legal costs in the amount of approximately USD 1.8 million.

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