Region: Uruguay
Uruguay wins appeal in multibillion-dollar mining dispute
The French Court of Cassation has quashed a set-aside decision that had allowed the children of Indian mining tycoon Pramod Agarwal to revive a US$4 billion investment treaty claim against Uruguay.
03 April 2025
Rail consortium brings claim against Uruguay
An engineering consortium led by Spain’s Sacyr says it has brought an arbitration against Uruguay over outstanding payments relating to a US$1.5 billion rail project.
25 February 2025
Uruguay settles airline award
Uruguay has reportedly agreed to pay an affiliate of New York private equity firm Tenor Capital to settle an award over the collapse of the state’s flag carrier airline.
31 January 2025
ICSID creditor targets Uruguay’s assets in Luxembourg
An affiliate of New York private equity firm Tenor Capital says it has attached Uruguay’s assets in Luxembourg as it seeks to execute a US$61.1 million ICSID award it won over the collapse of the state’s flag carrier airline.
19 November 2024
Dechamps opens in Uruguay with another Freshfields hire
UK-Argentine boutique Dechamps International Law has hired Juan Pomés as a partner from Freshfields Bruckhaus Deringer to launch its new office in Montevideo.
24 September 2024
Uruguay hit with second claim over port terminal
A Chilean port operator has lodged a US$600 million ICSID claim against Uruguay over the state’s decision to extend the concession of a rival terminal operator – weeks after its Canadian parent company brought a case over the same dispute.
24 May 2024
Peru ordered to pay airport investor as Uruguay and Colombia face claims
UPDATED WITH AWARD: An ICSID tribunal has ordered Peru to pay US$91 million over a cancelled airport concession, as Uruguay is hit with a new claim by a port investor and Colombia is threatened by a healthcare company.
10 May 2024
Uruguay liable in airline dispute
AWARD NOW PUBLIC: A private equity-backed Panamanian entity has won US$56.5 million in its ICSID claim against Uruguay over the collapse of the country’s flag carrier airline – while the state says it knocked out 94% of damages sought.
14 February 2024
Indian mining tycoon’s family revive claim against Uruguay
Children of Indian mining tycoon Pramod Agarwal have overturned an award that declined jurisdiction over their US$4 billion investment treaty claim against Uruguay.
01 March 2023
Uruguay enforces costs award against failed ICSID claimant
A US court has enforced an ICSID award requiring a Florida telecoms company to pay nearly US$6 million in costs plus interest to Uruguay following an unsuccessful treaty claim that was backed by a third-party funder.
24 June 2022