ICSID Awards More Than $106M To Spanish Investor For Bolivian Pension Dispute

(July 15, 2022, 1:16 PM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) tribunal on July 12 ordered the Plurinational State of Bolivia to pay a Spanish investor more than $94.8 million in compensation and more than $10.2 million in pre-award interest after finding that it violated its bilateral investment treaty (BIT) obligations by miring the investor’s subsidiary in a more-than-decade-long nationalization of pensions....

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