IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 18 Feb 2013 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On February 18, 2013, President Morales of Bolivia announced the nationalisation of the Spanish-owned airport operator company SABSA, which operates the three international airports of Bolivia (Supreme Decree No 1494). The company is accused by President Morales to have made 'an exorbitant profit with a derisory capital input', not respecting its commitment to invest. Abertis, the Spanish company owning SABSA denies those accusations.
The compensation Abertis will get for being expropriated will be decided after an independent audit has taken place.
Spain also protested urging Latin-American governments to respect Spanish investments and threatening that repeated state takeovers of Spanish-owned companies might have negative consequences on diplomatic relations.

AFFECTED COUNTRIES

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