ANNOUNCEMENT 23 Jan 2009In January 2009, the government of Bolivia announced altered domestic business conditions for foreign investors.
NUMBER OF INTERVENTIONS
Supreme Decree No 29888 (Decreto Supremo N? 29888, 23 de Enero de 2009):
On January 23, 2009, the Bolivian President Evo Morales issued a decree (Supreme Decree No 29888) to nationalise Chaco, an energy company owned by Pan American Energy and by the Bolivian pension fund, each with a 50 per cent stake. Pan American Energy is partly owned by the British oil company BP (60 per cent) and by the Argentinian company Bridas Corporation (40 per cent).