Spanish Flour Production Cos. Win $490M From Venezuela

Spanish Flour Production Cos. Win $490M From Venezuela

July 28, 2017, Law360

Law360 highlights Covington's successful representation of Valores Mundiales SL and Consorcio Andino SL before the International Centre for the Settlement of Investment Disputes. The tribunal found that Venezuela had breached its international obligations with regard to the company's flour production business and ordered the country to pay nearly half a billion dollars in damages.

The Covington team included Miguel López Forastier, José Arvelo, and Clovis Trevino.