Featured Q&A: Bolivian Arbitration
May 10, 2007
Latin America Energy Advisor
Jonathan C. Hamilton
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Bolivian President Evo Morales recently proposed that Bolivia, Venezuela, and Nicaragua pull out of the Washington-based International Centre for Settlement of Investment Disputes (ICSID), the World Bank affiliate for investor-state arbitration, to safeguard national sovereignty from pressures by multinational companies. Why is President Morales raising this issue now? Will any or all of the three countries withdraw from ICSID? At what benefit and/or cost?
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