Republic of Guatemala v IC Power Asia Development Ltd - United States District Court Southern District of New York Case No 1-22-cv-00394 - Memorandum Decision and Order Denying Guatemala's Motion for Default Judgment - 5 August 2022
Country
Year
2022
Summary
The Republic of Guatemala ("Guatemala") petitions this Court for an order and judgment confirming an arbitration award (the "Award") rendered in the United Kingdom on October 7, 2020 by an arbitral tribunal of the Permanent Court of Arbitration in IC Power Asia Development Ltd. (Israel v. Republic of Guatemala, Case No. 2019-43 (the "Arbitration"). (Dkt. No. 1 ("Pet.")). Respondent IC Power Asia Development Ltd ("ICPA" or "Respondent") 1 has not appeared in this action. A certificate of default issued on March 29, 2022. (Dkt. No. 27). Guatemala now moves for entry of a default judgment against ICPA pursuant to Fed. R. Civ. P. 55(b)(2). For the reasons that follow, Guatemala's motion for default is DENIED.