Energy: Guatemala Gains DemandAfter IC Power Asia Development sued the Guatemalan State for violating its rights under the Agreement for the Promotion and Reciprocal Protection of Investments, the Permanent Court of Arbitration ruled in favor of the Guatemalan government.Monday, October 12, 2020
On February 20, 2018, the Israeli entity IC Power Asia Development LTD. (former owner of Energuate) sued the State of Guatemala as a result of an inspection carried out by the Superintendence of Tax Administration (SAT), to verify the liquidation of Income Tax (ISR), informed the Ministry of Economy (Mineco). ¿Busca soluciones de inteligencia comercial para su empresa?Do you need to understand the new reality of the energy market? Contact UsNeed assistance? Contact us
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State of Costa Rica Sued Over Tourism ProjectJuly 2014 A group of U.S. investors is suing the state for $70 million alleging violation of DR-CAFTA preventing the development of real estate project Las Olas in Puntarenas. Covenant on Tax Information Between Panama and IsraelFebruary 2013 The National Assembly has approved on its third reading an agreement with the State of Israel, to avoid double taxation and prevent fiscal evasion with respect to taxes on income. TECO Energy Sells Guatemalan OperationsOctober 2012 Due to the classification of TECO Guatemala as discontinued operations, TECO Energy is revising its earnings-per-share guidance from continuing operations for 2012 to a range between $1.10 and $1.20, excluding charges or gains. Panama Complies with OECD RequirementsJune 2011 After signing today a fiscal information convention with France, Panama has completed the 12 fiscal agreements required by the Organization for Economic Cooperation and Development (OECD) in order to exclude Panama from the list of tax havens.
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