News

GST Represented Guatemala as they filed an emergency motion to nix a freezing order on nearly $16 million being held by Bank of New York Mellon as a Teco Energy subsidiary tries to enforce a $35 million arbitral award against the country, saying the order is putting it in danger of defaulting on its sovereign debt.

Representing Guatemala, Partner Ignacio Torterola, Counsel Pablo Mori and foreign associates Jose Angelo David, Farhod Sharipov and Carmine Pascuzzo in Washington, DC and Partners Diego Gosis and Quinn Smith in Miami served as Guatemala applied to annul an ICSID award on the basis of Bulgarian arbitrator Stanimir Alexandrov's alleged failure to disclose ties with an expert witness – a year after Spain successfully annulled an award based on similar allegations.