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Andean Group - February 2014 (ISSN 1741-4466)

ECONOMY: More investor concerns

On 2 February the Permanent Court of Arbitration (PCA) at The Hague ordered the government led by President Evo Morales to pay US$41m to the British power company, Rurelec. The PCA found that Bolivia’s expropriation of Rurelec's 50% share in the local energy company Empresa Guaracachi SA on 1 May 2010 was in breach of its obligations under the Bilateral Investment Treaty between the UK and Bolivia. The government has sparked fresh investor concerns by refusing to pay the full amount.

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