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IC Power v. Guatemala

IC Power Asia Development Ltd. v. Republic of Guatemala, PCA Case No. 2019-43
Nature of the proceedings:
International
Type of case:
Investor-State
Economic sector:
Electricity, gas, steam and air conditioning supply (energy)
Electricity, gas, steam and air conditioning supply (energy)
Date of introduction:
15 Nov 2019
Status of the case:
Decided in favor of State
Claimant’s country of origin:
Israel
Respondent:
Guatemala
Institution:
PCA (Permanent Court of Arbitration)
Rules of arbitration:
Seat of arbitration:
London
Applicable treaties:
Guatemala - Israel BIT (2...

Documents of the case

Lawyers, other representatives, expert(s), tribunal’s secretary

    Default Judgment of the United States District Court for the Southern District of New York

    This action having been commenced on January 14, 2022, by the filing of the Summons and Petition to Recognize Arbitration Award ("Petition"), and a copy of the Summons and Petition having been served on Respondent, IC Power Asia development Ltd. ("ICPA"), on September 5, 2022, through a mail delivery of these documents on ICPA’s agent, Gomitzky & Co, and a proof of service having been filed on September 7, 2022, and ICPA having not answered the Petition, and the time for answering the Petition having expired, it is,

    ORDERED, ADJUDGED, AND DECREED: That the Petitioner have judgment against ICPA in the liquidated amount of$ 1,803,042.61 plus pre-judgment interest calculated 9% per annum in the amount of $357,002.44 and post-judgment interest at the rate specified in 28 U.S.C.A. § 1961.

    ORDERED, ADJUDGED, AND DECREED: That Petitioner’s request to submit its motion for costs and attorneys’ fees of this civil proceeding within 14 days of the issuance of this Order and Judgment is granted.

    Dated: 12/20/2022

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