Introduction

In terms of the scope and extent of the changes implemented no country in Latin America has undergone changes as dramatic and as consequential as Bolivia, particularly as relates to hydrocarbons and arbitration. And that is even considering Venezuela. Following through on his campaign promises, President Morales has deprived all upstream companies (Bolivian and foreign) of their title over hydrocarbons extracted by those companies, and has managed to do so without paying a single dollar in compensation. In addition, he forced those companies to "migrate" into new ...