2010
Guaracachi v. Bolivia Guaracachi America, Inc. and Rurelec PLC v. The Plurinational State of Bolivia (PCA Case No. 2011-17)
Bolivia, Plurinational State of
United Kingdom

United States of America
Indirect controlling shareholding in Bolivian company that held a 30 year electricity generation license; associated licenses and permits; capital contributions for acquisition of energy generation assets including several gas turbines and gas engines.
Claims arising out of the Government's nationalisation of Guaracachi America, Inc. and of Rurelec's controlling 50.001 per cent shareholding in the Bolivian electricity company Empresa Eléctrica Guaracachi, as well as the alleged failure by the claimants to obtain justice through the Bolivian court system and the subsequent seizure of assets owned by Rurelec’s subsidiary, Energía para Sistemas Aislados Energais S.A.
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
UNCITRAL
PCA (Permanent Court of Arbitration)
Júdice, J. M.
Conthe, M.
Vinuesa, R. E.
Decided in favour of investor
136.40 mln USD
28.90 mln USD
Direct expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures
Direct expropriation
None