Mealey's Litigation Procedure - PCA Orders Bolivia To Pay U.K. Investor $28 Million In Damages

Mealey's Litigation Procedure - PCA Orders Bolivia To Pay U.K. Investor $28 Million In Damages

THE HAGUE, Netherlands - A tribunal for the Permanent Court of Arbitration (PCA) on Jan. 31 ordered that the Plurinational State of Bolivia pay a U.K. company $28,927,582 in damages in an arbitration under the Arbitration Rules of the United Nations Commission on International Trade Law (UNCITRAL), finding that Boliva expropriated its investment in an electric company (Guaracachi America, Inc. and Rurelec PLC v. The Plurinational State of Bolivia, PCA Case No. 2011-17, PCA).

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