IC Power Asia Development Ltd. v. Republic of Guatemala
PCA · Investment (ICSID and treaty) · Republic of Guatemala · 7 Oct 2020
Why it matters
IC Power Asia Development Ltd. v. Republic of Guatemala, an investment-treaty arbitration in which a foreign investor brought claims against a state. For a student, it is a worked example of investor-state dispute settlement: how a tribunal weighs a state's right to regulate against the treaty protections owed to foreign investors. The tribunal's reasoning is set out in the linked final award.
Summary
IC Power Asia Development Ltd. v. Republic of Guatemala: an investor-state final award in PCA Case No. 2019-43, with Republic of Guatemala as the respondent state. The document is published by italaw, the open database for investment-treaty arbitration. The full reasoning, the treaty relied on and the operative decision are set out in the linked original.
The detail
Parties: IC Power Asia Development Ltd. v. Republic of Guatemala
Case number: PCA Case No. 2019-43
Outcome: italaw publishes the final award in PCA Case No. 2019-43. See the original for the operative decision.
Applicable law: The investment treaty invoked and the applicable arbitration rules (ICSID Convention or UNCITRAL Rules); see the linked award.
Issues in play: A foreign investor's treaty protections against a state's sovereign right to regulate, decided by an investor-state tribunal.
Read the full decision at italaw ↗
Locus Standi links to the source decision and publishes its own plain-language summary. It does not reproduce the text of the award.