Publish in Legal Briefs - Tuesday, May 13, 2014
The World Bank’s International Center for Settlement of Investment Disputes (ICSID). (Photo: The World Bank)
Foley Hoag secures Venezuela victory against Nova Scotia Power at a World Bank tribunal.
BY LATINVEX STAFF
Foley Hoag secured a victory for the Republic of Venezuela in claims arising out of a coal supply agreement between Nova Scotia Power Inc. (NSPI), a Canadian power company, and Guasare Coal International (now Carbozulia International), the foreign marketing arm of a mixed foreign Venezuelan entity mining coal in Zulia, Venezuela.
In a unanimous decision, a tribunal ...