ANNOUNCEMENT 01 May 2012

In May 2012, the government of Bolivia announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Presidency of Bolivia. (1 May 2012). Gobierno nacionaliza Red El?ctrica Internacional SAU. Available at http://www.presidencia.gob.bo/noticia2.php?cod=1249


Inception date: 01 May 2012 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A