U.S. Court Denies Colombian Energy Co.'s Appeal
In its opinion, the U.S. Court of Appeals for the D.C. Circuit rejected TermoRio SA ESP's attempt to recoup the $60 million it allegedly lost when a power purchase agreement with Electrificadora del Atlantico SA, or Electranta, went awry.
“The district court correctly observed that '[t]his matter is a peculiarly Colombian affair,' concerning, as it does, 'a...
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