Displaying items by tag: Grupo de Inversiones Gloria Bolivia
Bolivian court ‘without jurisdiction’ to rule on cement companies’ claim against government over FANCESA stake
29 November 2023Bolivia: The Permanent Court of Arbitration has found itself ‘without jurisdiction’ to resolve a claim by Consorcio Cementero del Sur, Grupo de Inversiones Gloria Bolivia, SOBOCE and Yura Inversiones Bolivia against the Bolivian government over the nationalisation of a stake in FANCESA. Local press has reported that Bolivian Attorney General’s Office welcomed the finding as a ‘resolution of the case in favour of the Bolivian state.’
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