11th Circuit Affirms $7M Award In Guatemalan Hydroelectric Dam Dispute

Mealey's ( October 17, 2024, 1:10 PM EDT) -- ATLANTA — The 11th Circuit U.S. Court of Appeals on Oct. 16 affirmed an International Chamber of Commerce award worth more than $7 million in a Guatemalan hydroelectric dam dispute, rejecting arguments by the award-debtor that the tribunal exceeded its authority by ordering it to maintain existing bonds or purchase new ones and by rejecting its argument that the other party engaged in bribery....