Zurich Insurance Company Ltd & Zurich South America Invest AB v. Plurinational State of Bolivia

On 17 June 2020, Zurich Insurance Company Ltd & Zurich South America Invest AB commenced arbitration proceedings against the Plurinational State of Bolivia pursuant to Article 9 of the Agreement between the Swiss Confederation and the Republic of Bolivia on the Reciprocal Promotion and Protection of Investments signed on 6 November 1987, and entered into force on 17 May 1991.

El 17 de junio de 2020, Zurich Insurance Company Ltd & Zurich South America Invest AB iniciaron un arbitraje contra el Estado Plurinacional de Bolivia de conformidad con artículo 9 del Acuerdo entre la República de Bolivia y la Confederación Suiza concerniente a la Promoción y la Protección Recíproca de las Inversiones firmado el 6 de noviembre de 1987, y que entró en vigor el 17 de mayo de 1991.


Case information

Name(s) of Claimant(s) Zurich Insurance Company Ltd (Private entity )
Zurich South America Invest AB (Private entity )
Name(s) of Respondent(s) Plurinational State of Bolivia (State)
Names of Parties -
Case number 2021-05
Administering institution Permanent Court of Arbitration (PCA)
Case status Pending
Type of case Investment arbitration
Subject matter or economic sector Financial and insurance
Rules used in arbitral proceedings UNCITRAL Arbitration Rules 2010
Treaty or contract under which proceedings were commenced

[Bilateral treaty]
Agreement between the Swiss Confederation and the Republic of Bolivia on the Reciprocal Promotion and Protection of Investments
Country A: Bolivia
Country B: Switzerland


Language of Proceeding English
Spanish
Seat of Arbitration (by Country) Netherlands
Arbitrator(s)

Mr. Hugo Perezcano Díaz (Presiding Arbitrator)

Mr. David Cairns

Prof. Muthucumaraswamy Sornarajah

Representatives of the Claimant(s)

Mr. Jonathan C. Hamilton

Mr. Rafael Llano

White & Case LLP

 

Mr. Andrés Moreno Gutiérrez

Moreno Baldivieso

Representatives of the Respondent(s)

Mr. Wilfredo Franz Chávez Serrano

Ms. Patricia Guzmán Meneses

Mr. Juan Álvaro Raznatovic Cruz

Ms. Claudia Valda

Procuraduría del Estado

 

Mr. Osvaldo Guglielmino

Mr. Guillermo Moro

Ms. María de la Colina

Mr. Alejandro Vulejser

Guglielmino Derecho Internacional

Representatives of the Parties
Number of Arbitrators in case 3
Date of commencement of proceeding 17 June 2020
Date of issue of final award -
Length of Proceedings Pending
Additional notes -