A Plantation-based energy company filed a $52 million lawsuit against the African nation of Angola, claiming years of underpayment for operating two of its power plants.

LS Energia alleges it had to lay off about 10 employees after Angola, through its energy ministry and a public company responsible for electricity generation, failed to pay what it owed under contracts for two power plants. The employees made up more than half of the company’s U.S. workforce.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]