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Bolivia fails to set aside Glencore award over alleged illegality
['Susannah Moody', 'View Full Biography']
Global Arbitration Review
Bolivia fails to set aside Glencore award over alleged illegalityOne of the mines is in La Paz (Credit: Shutterstock/Cheshir.002)One of the mines is in La Paz (Credit: Shutterstock/Cheshir.002)A French court has upheld an UNCITRAL award ordering Bolivia to pay Swiss commodities trader Glencore at least US$255 million over the nationalisation of tin and zinc mining assets, rejecting the state’s arguments that those investments were tainted by illegality.