Original TECO award
US$21,100,552
Dec 19, 2013CIADITECO Guatemala Holdings sued at ICSID (ARB/10/23) under CAFTA-DR over EEGSA's electricity distribution. The award of 19 December 2013 found a breach of fair and equitable treatment (article 10.5 of CAFTA) and ordered payment of US$21,100,552; there was a partial annulment in 2016 and a resubmission award on May 13, 2020 setting US$26,793,001 for loss of value plus US$838,784 in interest on historic losses, both calculated as at 21 October 2010. GAR reported that Guatemala paid US$37.3 million to avoid a default.
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- Resubmission award — loss of valueUS$26,793,001Calculated as of 21 Oct 2010May 13, 2020CIADI
- Resubmission award — interest on historic lossesUS$838,784Calculated as of 21 Oct 2010May 13, 2020CIADI
- Payment reported by Guatemala to avoid defaultUS$37.3 millionReported by GARGlobal Arbitration ReviewPress figure
