ANNOUNCEMENT 01 May 2012In May 2012, the government of Bolivia announced altered domestic business conditions for foreign investors.
NUMBER OF INTERVENTIONS
Presidency of Bolivia. (1 May 2012). Gobierno nacionaliza Red El?ctrica Internacional SAU. Available at http://www.presidencia.gob.bo/noticia2.php?cod=1249
On 1 May 2012, the government of Bolivia announced the nationalisation of TDE, a utility operating three quarters of the Bolivian energy grid. The company had been privatised in 1997 and changed ownership to the Spanish Red Eléctrica de Espana (REE) in 2002. A compensation payment shall be settled by an independent commission within 180 days of the expropriation.