Guatemala, U.S. Investor Settle Dispute Over $37M Award, ICSID Says

Mealey's (February 1, 2023, 2:00 PM EST) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on Jan. 31 published an ad hoc committee’s order taking note of the discontinuance of the Republic of Guatemala’s application to annul an arbitral award worth more than $37 million in favor of a U.S. electricity provider that claimed that Guatemala impaired its investment by imposing new distribution tariffs....