Republic of Guatemala v. IC Power Asia Development Ltd.
Case Number:
1:22-cv-00394
Court:
Nature of Suit:
Judge:
Companies
Sectors & Industries:
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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.
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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.
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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.
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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.
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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.
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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.