{"id":290994,"date":"2026-06-01T18:00:00","date_gmt":"2026-06-01T16:00:00","guid":{"rendered":"https:\/\/dailyjus.com\/?p=290994"},"modified":"2026-06-06T03:05:46","modified_gmt":"2026-06-06T01:05:46","slug":"2025-arbitration-year-in-review-bolivia","status":"publish","type":"post","link":"https:\/\/dailyjus.com\/index.php\/2026\/06\/01\/2025-arbitration-year-in-review-bolivia\/","title":{"rendered":"2025 Arbitration Year In Review &#8211; Bolivia"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">This article was featured in <a title=\"\" href=\"https:\/\/jusmundi.com\/en\/legal-intelligence\" target=\"_blank\" rel=\"noopener\">Jus Mundi<\/a>&#8216;s <strong>2025 Arbitration Year in Review<\/strong>, an annual publication analyzing arbitration developments across 40+ jurisdictions on 6 continents. This edition brings together young practitioners and senior experts to capture the year&#8217;s most significant legislative reforms, enforcement trends, and institutional innovations.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-fe48e5de wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/dailyjus.com\/reports\/2026\/02\/2025-arbitration-year-in-review\" target=\"_blank\" rel=\"noreferrer noopener\">Download now<\/a><\/div>\n<\/div>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>THE AUTHORS:<\/strong><br><a href=\"https:\/\/jusconnect.com\/en\/p\/andres-moreno-gutierrez\"><strong>Andr\u00e9s Moreno<\/strong><\/a><strong> <a href=\"https:\/\/jusconnect.com\/en\/p\/andres-moreno-gutierrez\" target=\"_blank\" rel=\"noreferrer noopener\">Guti\u00e9rrez<\/a>, <\/strong>Partner at <strong><a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/firm\/moreno-baldivieso\" target=\"_blank\" rel=\"noreferrer noopener\">Moreno Baldivieso<\/a><\/strong><br><strong><a href=\"https:\/\/jusconnect.com\/en\/p\/rene-claure-veizaga\" target=\"_blank\" rel=\"noreferrer noopener\">Ren\u00e9 Claure Veizaga<\/a>, <\/strong>Partner at <strong><a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/firm\/moreno-baldivieso\" target=\"_blank\" rel=\"noreferrer noopener\">Moreno Baldivieso<\/a><\/strong><br><strong>Pamela Mu\u00f1oz Alipaz<\/strong>, Senior Associate at <strong><a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/firm\/moreno-baldivieso\" target=\"_blank\" rel=\"noreferrer noopener\">Moreno Baldivieso<\/a><\/strong><br><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/jusmundi.com\/en\/d\/profile\/state\/bo\" target=\"_blank\" rel=\"noreferrer noopener\">Bolivia<\/a>\u2019s arbitration landscape has just closed one of its most dynamic years on record. A systemic shortage of U.S. dollars triggered extraordinary financial disputes that tested the limits of contractual risk allocation and force majeure in a highly specialized banking context. In parallel, arbitral institutions accelerated the adoption of modern dispute board frameworks, signaling a shift toward proactive, project-embedded dispute prevention, even if practical deployment remains incipient.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The courts, for their part, sent an unmistakable signal by recognizing arbitration\u2019s jurisdictional character within the constitutional framework, reinforcing due process and the parties\u2019 right to their chosen \u201cnatural judge\u201d. In the background, the hydrocarbons sector may be on the cusp of a contentious cycle, with public claims that could be replicated, raising the specter of an arbitral storm. This year\u2019s developments showcase a system that is becoming more sophisticated and resilient under pressure.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Systemic Dollar Illiquidity and Extraordinary Financial Disputes<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The year\u2019s factual backdrop was unmistakable: acute dollar illiquidity, a widening gap between official and parallel exchange rates, and regulatory ceilings on commissions for outbound transfers. These conditions disrupted otherwise routine cross-border payment flows, immediately affecting fiduciary, banking, and commercial arrangements that presupposed dollar availability at predictable cost.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The result was a wave of financial disputes that forced tribunals to define the limits of the parties\u2019 obligations under circumstances of impossibility, and to assess how systemic constraints interact with strict obligations in specialized financial instruments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The centerpiece of this surge\u2014indeed, the largest and most important commercial arbitration in Bolivia\u2019s history\u2014was a dispute between a bank operating in Bolivia and a logistics company. The tribunal ultimately ordered the bank to transfer U.S. dollars to accounts designated in Bolivia. The award, together with its complementary award, which entered the public domain through their interaction with court proceedings, is notable on several fronts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Throughout the year, a central theme is the reevaluation of force majeure and impossibility, especially when they stem from a systemic macro-financial disruption rather than a localized event. Bolivia\u2019s arbitration community faced a new category of dispute, unusual both in scale and in the technicalities of banking, fiduciary accounting, and payment systems. Understandably, the collective understanding of force majeure in this niche remains underdeveloped.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From the foregoing, two conclusions stand out:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>First, tribunals appear to be setting a very high threshold\u2014arguably superhuman\u2014for a party to establish that a systemic crisis renders performance impossible. Regulatory friction, elevated costs, or the unavailability of \u201cideal\u201d channels do not suffice; the inquiry turns on whether any lawful, contract-compatible pathway remained open that would not improperly shift risk.<\/li>\n\n\n\n<li>Second, even under these high standards, local arbitration has produced partial, workable answers to large-scale issues. Further doctrinal refinement is likely as additional systemic-constraint cases reach tribunals and as parties draft contracts with greater precision regarding currency pathways.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Dispute Boards: Modern Rules Are In, Implementation Is Next<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Institutionally, 2025 marked a meaningful step change. Most leading Bolivian arbitration centers such as <a href=\"https:\/\/ccac.cainco.org.bo\/dispute-board\/\">Centro de Conciliaci\u00f3n y Arbitraje<\/a><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\"><a href=\"https:\/\/ccac.cainco.org.bo\/dispute-board\/\" target=\"_blank\">&nbsp;<\/a><\/span><a href=\"https:\/\/ccac.cainco.org.bo\/dispute-board\/\">de la C\u00e1mara de Industria, Comercio, Servicios y Turismo<\/a> (\u201c<strong>CAINICO \u2013 CCAC<\/strong>\u201d) in Santa Cruz, CAC in La Paz and ICAM in Cochabamba, have now approved modern dispute board rules, defining their jurisdiction<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">across contract execution, and specifying the continuum from nonbinding recommendations to decisions with contractual force. Centers complemented the adoption of the Dispute Boards Rules with capacity-building, including workshops and technical sessions with international practitioners focused on real-world design, panel composition, and the operational integration of boards in complex projects, from EPC to PPPs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is an authentic modernization. By anchoring dispute boards in up-to- date institutional rules, Bolivia has equipped project owners, contractors, and lenders with a tool specifically designed to prevent conflict escalation, generate real-time guidance, and preserve relationships under pressure. However, the practical curve is still ahead. Large-scale deployments in national projects remain limited; model clauses and procurement templates require greater diffusion; and sector actors must converge on panel rosters and standard operating procedures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The outlook is cautiously optimistic. A handful of early, well-structured boards\u2014embedded from contract signature, resourced to issue prompt recommendations or decisions, and backed by clear escalation clauses\u2014 can demonstrate reduced cycle time, cost deflection, and project delivery continuity. Crucially, arbitration remains in the background as the designated backstop when board outputs are not complied with. In that sense, boards function as an agile, front-loaded filter, with arbitration absorbing only the disputes that truly require it.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Courts and Constitutional Law: Arbitration Recognized as Jurisdiction<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A significant development emerged from the judicial-constitutional interface. In publicly available proceedings arising from a constitutional protection action, a constitutional judge in Santa Cruz rejected an attempt to reopen award control through ordinary civil procedure. The court emphasized that the sole avenue for challenging an arbitral award is the annulment action provided under the Arbitration Law\u2014underscoring that Arbitral awards are subject to a distinct, limited review regime.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">More importantly, the constitutional judge articulated a jurisdictional understanding of arbitration through the lens of due process and the \u201cnatural judge\u201d chosen by the parties. In essence, the court recognized that when parties opt for arbitration, they elect a jurisdiction whose decisions are autonomous within their statutory boundaries. Judicial courts are not a forum of appeal; they are guardians of minimal external control, limited to grounds explicitly set out in the Arbitration Law.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This articulation aligns with comparative best practice and strengthens the predictability that users\u2014especially international investors and lenders\u2014seek in Bolivia\u2019s dispute resolution architecture.<br>For practitioners, the implications are concrete. Attempts to judicialize arbitral disputes by recasting them as civil actions are unlikely to succeed. The arbitration-judiciary boundary is clearer. And tribunals can proceed with greater confidence that their awards, once rendered, will not face collateral attacks disguised as ordinary suits. That, in turn, enhances the value proposition of local arbitration as a credible forum for both domestic and cross-border disputes.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Hydrocarbons: Public Claims Today, Potential Replication Tomorrow<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Hydrocarbons returned to center stage. A notice of dispute publicly attributed to Shell Bolivia Corporation as an international operator, cataloged several measures, mainly related to alleged unpaid receivables. The notification\u2019s details are in the public domain because they were served on State authorities and reported by the press (See, Shell Bolivia Cor- poration launches dispute against Bolivia over alleged illegal measures causing multimillion-dollar damage, ANF \u2014 Agencia de Noticias Fides (19 August 2025); Shell ratifies that it submitted a \u201cNotice of Dispute\u201d to the Procuradur\u00eda General del Estado, El Deber (20 August 2025); Procurator clarifies that the Bolivian State received a dispute notification from Shell with six months to issue a position, ABI (Agencia Boliviana de Informaci\u00f3n) (20 August 2025).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This matters: by laying out an articulated theory of breach, the notice provides a template that other operators might adapt if their factual matrices are analogous.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The policy implications are serious. If replicated, such claims could precipitate multiple arbitrations, stretching the State\u2019s dispute management capacity, its inter-agency coordination, and its approach to legacy awards and payment practices involving state-owned entities. The risk is not merely financial. Repeated challenges to the integrity of award treatment, regulatory predictability, or contract performance can erode investor confidence and exacerbate the fiscal and foreign-exchange constraints that have complicated commercial performance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Early neutral intervention\u2014through dispute boards or targeted expert determinations\u2014can keep disputes from ossifying into arbitration. For both the State and operators, prevention is vastly cheaper than post hoc cure.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Outlook and Practical Takeaways<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The past year compressed multiple stress tests into a single cycle. The ongoing economic crisis will undoubtedly trigger a surge of arbitration disputes, particularly in the financial and hydrocarbons sectors. In this context, it is essential for arbitral tribunals to adapt to the increasing complexity and demands of these cases, delivering awards that provide effective and practical solutions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For transactional lawyers and contract drafters, the message is unmistakable: write for the storm. When obligations are dollar-denominated or hinge on outbound transfers, contracts should specify currency pathways, the allocation of commission and liquidity risks, fallback modalities consistent with sector regulation, and procedures for real-time adjustment under a dispute board. Boilerplate force majeure clauses will not suffice; the standard is rigorous and proof-intensive.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For project owners, contractors, and lenders, the time to implement dispute boards is now. With modern rules in place, pilot boards in infrastructure and PPPs can produce data on time and cost savings and establish a roster of trusted panelists. Aligning procurement and financing documents with board-ready clauses will accelerate uptake and normalize the mechanism as a pre-arbitral filter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For public authorities and state-owned enterprises, a coherent dispute posture is essential. That means consistent award treatment, timely settlement where liability is clear, and structured dialogue during cooling-off periods to avoid multiplication of claims. In parallel, inter-institutional protocols on payment practices and documentation issuance can defuse friction before it triggers arbitration.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusions<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Bolivia\u2019s arbitration year was bracing. It delivered the country\u2019s most consequential commercial award. It advanced institutional modernization by installing dispute boards in the rulebooks and building capacity for their use. It solidified the judicial backstop by recognizing arbitration as a jurisdiction chosen by the parties, protected by due process and limited review. And it flagged real exposure in hydrocarbons, where public claims could replicate and multiply.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The system is not yet at cruising altitude. The jurisprudence around force majeure and systemic crises remains under construction, and some tribunals may indeed be setting exceptionally demanding benchmarks for impossibility. But in a year of stress, local arbitration produced partial, credible answers to large-scale issues. The path forward is clear: sharper drafting around currency risk and performance channels; deeper pre-dis- pute architecture through well-designed dispute boards; and disciplined, predictable court-arbitration interfaces. If institutions, courts, state actors, and market participants align on these pillars, Bolivia can transform a year of strain into a platform for resilient, high-credibility dispute resolution, ready not only to absorb shocks but also to deter them.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>ABOUT THE AUTHORS<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/jusconnect.com\/en\/p\/andres-moreno-gutierrez\" target=\"_blank\" rel=\"noreferrer noopener\">Andr\u00e9s Moreno Guti\u00e9rrez<\/a> <\/strong>is a partner at <strong><a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/firm\/moreno-baldivieso\" target=\"_blank\" rel=\"noreferrer noopener\">Moreno Baldivieso<\/a><\/strong> and leads the firm\u2019s international and domestic arbitration practice. He focuses on complex investment and commercial disputes and has extensive experience in proceedings un- der <a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/institution\/en-icsid-international-centre-for-settlement-of-investment-disputes\" target=\"_blank\" rel=\"noreferrer noopener\">ICSID<\/a>, <a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/institution\/en-icc-international-chamber-of-commerce\" target=\"_blank\" rel=\"noreferrer noopener\">ICC<\/a>, <a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/institution\/en-construction-industry-arbitration-commission\" target=\"_blank\" rel=\"noreferrer noopener\">CIAC<\/a>, CAINCO, <a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/institution\/en-cac-bolivia-conciliation-and-arbitration-centre-of-the-national-chamber-of-commerce-of-bolivia\" target=\"_blank\" rel=\"noreferrer noopener\">CAC<\/a>, and <a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/institution\/en-icam-arbitration-court-of-the-distinguished-law-society-of-madrid\" target=\"_blank\" rel=\"noreferrer noopener\">ICAM<\/a> rules. He has represented private investors in some of the most significant cases in the region, including the largest investment arbitration in Bolivia\u2019s history. Andr\u00e9s is also a member of the ICC Inter- national Court of Arbitration in Paris and is consistently ranked by Chambers &amp; Partners, The Legal 500, Who\u2019s Who Legal, and GAR 100.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/jusconnect.com\/en\/p\/rene-claure-veizaga\" target=\"_blank\" rel=\"noreferrer noopener\">Ren\u00e9 Claure Veizaga<\/a> <\/strong>is a partner at <strong><strong><a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/firm\/moreno-baldivieso\" target=\"_blank\" rel=\"noreferrer noopener\">Moreno Baldivieso<\/a><\/strong><\/strong> with more than 20 years of experience in corporate, insurance, finance, labor, and dispute resolution matters. He regularly acts as counsel in complex national and international arbitrations involving commercial and investment disputes. Ren\u00e9 has represented clients across industries, including insurance, construction, energy, mining, aviation, and international trade. He is recognized by Chambers &amp; Partners and The Legal 500 and has extensive experience under the rules of leading arbitration institutions, including <a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/institution\/en-icsid-international-centre-for-settlement-of-investment-disputes\" target=\"_blank\" rel=\"noreferrer noopener\">ICSID<\/a>, <a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/institution\/en-united-nations-commission-on-international-trade-law\" target=\"_blank\" rel=\"noreferrer noopener\">UNCITRAL<\/a>, and the <a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/institution\/en-icc-international-chamber-of-commerce\" target=\"_blank\" rel=\"noreferrer noopener\">ICC<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Pamela Mu\u00f1oz Alipaz <\/strong>is a Senior Associate at <a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/firm\/moreno-baldivieso\"><strong>Moreno Baldivieso<\/strong><\/a> focused on domestic and international arbitration. She has acted as counsel in proceedings under the <a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/institution\/en-icc-international-chamber-of-commerce\" target=\"_blank\" rel=\"noreferrer noopener\">ICC<\/a>, <a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/institution\/en-united-nations-commission-on-international-trade-law\" target=\"_blank\" rel=\"noreferrer noopener\">UNCITRAL<\/a>, CAINCO, <a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/institution\/en-cac-bolivia-conciliation-and-arbitration-centre-of-the-national-chamber-of-commerce-of-bolivia\" target=\"_blank\" rel=\"noreferrer noopener\">CAC<\/a>, and <a href=\"https:\/\/jusconnect.com\/en\/d\/profile\/institution\/en-icam-arbitration-court-of-the-distinguished-law-society-of-madrid\" target=\"_blank\" rel=\"noreferrer noopener\">ICAM<\/a> Rules, representing clients in complex commercial disputes as both claimant and respondent. Her experience also includes court assistance to arbitration and emergency arbitration proceedings. Pamela\u2019s practice covers insurance, construction, corporate, and contractual disputes, and she has been recognized by The Legal 500 in Dispute Reso- lution.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Discover more insights into the latest developments in arbitration in 2025 from around the world now<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-fe48e5de wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/dailyjus.com\/reports\/2026\/02\/2025-arbitration-year-in-review\" target=\"_blank\" rel=\"noreferrer noopener\">Download now<\/a><\/div>\n<\/div>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">*<em>The&nbsp;views&nbsp;and opinions expressed by authors are theirs and do not necessarily reflect those of their organizations, employers, or Daily Jus, Jus Mundi, or Jus Connect.<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"362\" src=\"https:\/\/dailyjus.com\/wp-content\/uploads\/2026\/02\/2025-10-gabriel-ortega-1024x362.jpg\" alt=\"\" class=\"wp-image-289141\" srcset=\"https:\/\/daily.jusconnect.com\/~www\/wp-content\/uploads\/2026\/02\/2025-10-gabriel-ortega-1024x362.jpg 1024w, https:\/\/daily.jusconnect.com\/~www\/wp-content\/uploads\/2026\/02\/2025-10-gabriel-ortega-300x106.jpg 300w, https:\/\/daily.jusconnect.com\/~www\/wp-content\/uploads\/2026\/02\/2025-10-gabriel-ortega-768x272.jpg 768w, https:\/\/daily.jusconnect.com\/~www\/wp-content\/uploads\/2026\/02\/2025-10-gabriel-ortega-750x266.jpg 750w, https:\/\/daily.jusconnect.com\/~www\/wp-content\/uploads\/2026\/02\/2025-10-gabriel-ortega-1140x404.jpg 1140w, https:\/\/daily.jusconnect.com\/~www\/wp-content\/uploads\/2026\/02\/2025-10-gabriel-ortega.jpg 1500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bolivia\u2019s 2025 arbitration year in review: landmark financial disputes, dispute board modernization, constitutional court support, and hydrocarbons claims.<\/p>\n","protected":false},"author":4,"featured_media":291001,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"custom","single_blog_custom":"274736","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"author","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"hide","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_comment_section":"1","number_popup_post":"1","show_post_related":"0","show_inline_post_related":"0"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0"},"jnews_primary_category":{"id":"192"},"jnews_social_meta":{"fb_title":"2025 Arbitration Year In Review - 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