Spain’s Iberdrola is pursuing an investment treaty claim against Bolivia over expropriations in the electricity sector, it has emerged.
Bolivia has paid Pan American Energy US$357 million in compensation for the 2009 expropriation of its natural gas unit Chaco, following a settlement agreement signed in the presidential palace in La Paz.
Bolivia's Moreno Baldivieso Estudio de Abogados has become the newest member of TAGLaw, an international alliance of 150 law firms.
An ICSID tribunal has refused to throw out a US power company's claim against Bolivia on the basis that it was filed more than two years after the state formally withdrew from the centre's jurisdiction – but says it may revisit the issue later in the proceedings.
The 15th edition of the Latin Lawyer 250 was published online last week. As part of our overview of the key trends in Latin America’s legal markets, today we take a closer look at Bolivia.
Bolivian President Evo Morales marked May Day, the day of the worker, by taking the country’s electricity sector under state control yesterday – ordering troops to seize Bolivia’s main power grid from Spain’s Red Eléctrica Española (REE).
Much of Latin America emerged largely unscathed from the global financial crisis and continues to feature a host of countries experiencing economic growth rates the US and Europe can only dream of. So it is little surprise that increasing numbers of multinationals should look to the region in search of new markets and higher returns on investment. Joe Rowley takes a look at the leading M&A lawyers best equipped to help acquisitive companies seal the deal
To mark the launch of the 14th edition of Latin Lawyer 250, for the next four weeks the Latin Lawyer briefing will reflect on the developments that have taken place in Latin America’s key legal markets over the past 12 months. Today we turn to Bolivia.
Brazilian professor Luiz Olavo Baptista is to chair the ad hoc tribunal that will decide a rare state-to-state dispute between Ecuador and the US over whether their bilateral investment treaty allows claimants to sue for judicial delay.