Foley Hoag Secures Venezuela Victory

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 ...

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