Spain seeks 'legal security' from Bolivia for investors | Bangkok Post: news

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Spain seeks 'legal security' from Bolivia for investors

The Spanish government said Sunday it regretted the decision by Bolivia to nationalise units of Spain's Iberdrola utility group and stressed the importance of "legal security" for foreign investors.

The Iberdrola logo on display in Madrid on April 20, 2007. The Spanish government says it regrets the decision by Bolivia to nationalise units of Spain's Iberdrola utility group and stressed the importance of "legal security" for foreign investors.

"Legal security is a crucial requirement for all foreign investment in Bolivia," Industry Minister Jose Manuel Soria told ABC newspaper.

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