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What did the tribunal decide in IC Power v. Guatemala (Energuate)?

According to the cited documentsTreaty invoked: to be confirmedTo be confirmedLegal framework

IC Power v. Guatemala final award

7 October 2020 — claims dismissed by majority

2020Kluwer Arbitration Blog

IC Power Asia Development sued under UNCITRAL rules (ad hoc/PCA) invoking the Israel-Guatemala BIT over Energuate's electricity distribution (DEORSA-DEOCSA). The final award of 7 October 2020 dismissed the claims by majority, with G. S. Tawil dissenting. The background: Energuate paid around US$75 million to the tax authority (SAT) under protest after criminal measures for tax fraud. Enforcement and costs were litigated in the Southern District of New York in 2022.

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  • Energuate payment to SAT under protest~US$75 millionContext prior to the awardKluwer Arbitration Blog
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Sources

  • Kluwer Arbitration Blog

    IC Power v. Guatemala

    • IC Power v. Guatemala final award
    • Energuate payment to SAT under protest
    legalblogs.wolterskluwer.comAccessed Aug 19, 2026Go to the source
  • FindLaw

    IC Power v. Guatemala, S.D.N.Y. 2022

    caselaw.findlaw.comAccessed Aug 19, 2026Go to the source