May 24, 2012
When Treaties Go Bad: Bolivia Terminates Its Bilateral Investment Treaty with the United States
The Government of Bolivia notified the United States that it is terminating its bilateral investment treaty, effective June 10, 2012. The treaty will cease to have effect as of that date, but investments covered at the time of termination will still be covered for another ten years. Click here to read the Federal Register notice. If you teach international law or international trade, you may want to keep a copy of this notice as a class handout for the fall.
The treaty had been signed in Chile in 1998 and entered into force in 2001. The treaty provided for its termination by either party after an initial 10-year period, by giving one year's written notice to the other party. The Federal Register notice advised U.S. investors in Bolivia to factor the termination of the treaty into their business planning.
Hat tip to the ABA Governmental Affairs Office
May 24, 2012 | Permalink
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Let's hope the Rio Treaty isn't next. [and yes they are a ratified signatory ]
Posted by: andrew messore | May 24, 2012 5:16:56 AM