ISDS Case Map
Bolivia
Anglo-Argentinean energy firm Pan American Energy has initiated arbitration against Bolivia over the nationalization of its subsidiary Chaco Petroleum by the Morales government in 2009.
Chilean Química e Industrial del Bórax Ltd. (“Quiborax”) will continue with its claim against Bolivia at the International Centre for Settlement of Investment Dispute (“ICSID”), despite reports of a settlement agreement and Bolivia’s renunciation of the ICSID convention. The case will likely shed the first light as to the effects of renouncing the ICSID Convention, a controversial topic over which no tribunal has yet to rule.
The recent clashes between the Peruvian government and indigenous peoples exacerbated tensions between Peru and neighbouring Bolivia whose indigenous president, Evo Morales, accused the Peruvian government of genocide against tribal protesters.
Bolivia's President Evo Morales said on Tuesday he would hold off on legal action over the US suspension of trade benefits for the Andean nation in hopes that President-elect Barack Obama will reverse the step.
The US officially shut out Bolivia from the benefits of the Law of Andean Trade Preference and Drug Enforcement Act (ATPDEA).
This week, Bolivians are in Lima to help organize a protest against Peru and Colombia for agreeing to sign a Free-Trade Agreement with the European Union.
The right laments the "isolation" of the Bolivian economy from the global currents of trade because it has put three crosses against the free trade agreement with the United States and there isn't the will to take part in an agreement with the European Union, the "biggest markets on the planet".
The President of Bolivia, Evo Morales, accused the US of extending its Free Trade Agreements program to divide Latin American countries.
Alan Garcia's reference to the differences between Lima and La Paz on an Association Agreement between the Andean Community of Nations and the European Union, referring to the format of the free trade agreement with the United States, which Bolivia rejects, is regrettable experts say
Running their business via a letterbox company in the Netherlands, transnational corporations profit from the corporate-friendly Dutch tax regime and bilateral investment treaties the Netherlands has with third countries. Euro Telecom Italia (ETI), a subsidiary of Italian telecoms giant ENTEL, is one such letterbox company. ETI recently lodged a complaint with the World Bank tribunal ICSID against Bolivia for compensation, after the Bolivian government had launched a review the company's much-criticised performance and attempted to negotiate a buy back of what used to be a public telecommunications company.
