Guevara & Gutiérrez, Bofill Mir & Álvarez Jana and Foley Hoag advised on the arbitration
Claims arising out of the revocation by Presidential Decree of eleven mining concessions allegedly held by claimants through an investment vehicle in Bolivia. Claimants allege that the revocation of the Bolivian Concessions was a confiscatory measure.
On May 18, the International Centre for Settlement of Investment Disputes decided that Plurinational State of Bolivia have to pay to Quiborax S.A. and Non Metallic Minerals S.A. $48.6 Million as compensation.
Guevara & Gutiérrez advised Quiborax S.A. and Non Metallic Minerals S.A. with Ramiro Guevara and Jorge lnchauste.
Bofill Mir & Álvarez Jana advised Quiborax S.A. and Non Metallic Minerals S.A. with Andrés Jana (Picture), Rodrigo Gil, Johanna Klein Kranenberg, Constanza Onetto and Carla Sepúlveda.
Foley Hoag advised the Plurinational State of Bolivia with a team including Paul Reichler,Ronald E.M. Goodman, Alberto Wray and Diego Cadena.
Involved fees earner: Ramiro Guevara – Guevara & Gutiérrez; Jorge lnchauste – Guevara & Gutiérrez; Paul Reichler – Foley Hoag; Alberto Wray – Foley Hoag; Diego Cadena – Foley Hoag; Ronald Goodman – Foley Hoag; Andrés Jana – BMAJ Bofill Mir & Alvarez Jana Abogados; Rodrigo Gil – BMAJ Bofill Mir & Alvarez Jana Abogados; Carla Sepúlveda – BMAJ Bofill Mir & Alvarez Jana Abogados;