Chilean mining company gets award upheld against Bolivia

Salar de Uyuni at sunset

Salar de Uyuni at sunset (Credit: istock.com/Hanis)

Twelve years after the dispute first came to the International Centre for Settlement of Investment Disputes (ICSID), an ad hoc committee has upheld a US$48 million award in favour of Chilean mining company Quiborax against Bolivia – finding that the tribunal’s decision to order the suspension of domestic criminal proceedings was not a basis for annulment.

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