May 30, 2023
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.
December 20, 2022
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.
November 17, 2022
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.
August 08, 2022
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.
April 21, 2022
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.
January 20, 2022
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.