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Iberdrola barred from bringing second arbitration claim against Guatemala

Iberdrola's claim concerned electricity tariffs in Guatemala/Shutterstock/Galyna Andrushko

A United Nations Commission on International Trade Law (UNCITRAL) tribunal has declined to hear an investment treaty case brought by Spain’s Iberdrola against Guatemala over electricity tariffs on the basis that the company had raised identical claims in an unsuccessful International Centre for the Settlement of Investment Disputes (ICSID) arbitration.

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