Republic of Guatemala v. IC Power Asia Development Ltd.

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Case Number:

1:22-cv-00394

Court:

New York Southern

Nature of Suit:

Other Statutory Actions

Judge:

Colleen McMahon

Companies

Sectors & Industries:

  1. May 30, 2023

    Guatemala Says Power Co. Continuing To Ignore $1.8M Award

    Guatemala is escalating its efforts to drag a no-show Israeli energy company into court over an unpaid $1.8 million arbitration award, telling a New York federal court that IC Power Asia Development Ltd. should be ordered to show cause as to why it should not be held in contempt.

  2. December 20, 2022

    Israeli Energy Co. Must Pay Guatemala $1.8M, NY Judge Says

    A New York federal judge on Tuesday enforced a $1.8 million arbitration award against an Israeli energy company that has yet to appear in the enforcement case despite Guatemala's nearly year-long efforts to confirm the award in federal court.

  3. November 17, 2022

    Guatemala Says Israeli Co. Can't Escape $1.8M Award

    The Republic of Guatemala has reaffirmed its bid for a default ruling in a New York federal court case seeking to enforce a $1.8 million arbitration award against a no-show Israeli energy company, asserting it has properly served IC Power Asia Development Ltd. with the suit.

  4. August 08, 2022

    Guatemala Denied Default Win In Arb. Fight Against Israeli Co.

    A New York federal court lacks jurisdiction to grant the Guatemalan government default judgment in a case seeking to confirm a $1.8 million award against an Israeli energy company that brought a failed arbitration action and hasn't appeared, the court said.

  5. April 21, 2022

    Guatemala Wants Default Win In Israeli Co. Arb. Fight

    Guatemala has asked for a default judgment against IC Power Asia Development Ltd. in a case seeking to confirm a $1.8 million award, arguing the Israeli energy company hasn't responded to previous filings and is on the hook for the award.

  6. January 20, 2022

    Guatemala Chases Israeli Co. Over Failed Arbitration Costs

    Guatemala is hoping to enforce a $1.8 million award against Israeli energy company IC Power Asia Development Ltd., which brought a failed arbitration action over the seizure of its subsidiaries' bank accounts.