Entel arbitration postponed by ICSID until 2010

18 Dec 2008

According to BNamericas, the World Bank’s International Centre for the Settlement of Investment Disputes (ICSID) has postponed the arbitration process relating to the renationalisation of Bolivian telco Entel until 2010. It is understood that the international organisation will initially assess whether it has jurisdiction in the matter, and it is expected to reach a decision in 2009. The Bolivian government has said that the ICSID has no jurisdiction in the case as the suit was filed after Bolivia had decided to withdraw from the arbitration tribunal.

Bolivia, Empresa Nacional de Telecomunicaciones (Entel)