Region: Uruguay

An operator at a Montevideo port has warned of a potential investment treaty claim against Uruguay after the state reached a settlement with a rival company to avert a threatened US$1.5 billion ICSID claim. 

14 April 2022

Uruguay has asked a US court to enforce an ICSID award requiring a Florida telecoms company to pay nearly US$6 million in costs following an unsuccessful treaty claim that was backed by a third-party funder.

07 December 2021

Belgian logistics group Katoen Natie has agreed not to pursue a US$1.5 billion ICSID claim against Uruguay after the state extended the life of its concession for a container terminal at the port of Montevideo.

17 March 2021

An ICC tribunal seated in Buenos Aires has granted declaratory relief in favour of Brazil’s state-run energy company Petrobras against Uruguay in a dispute over the rising cost of gas imports – while dismissing its $50 million damages claim.

26 March 2019

Two ICSID cases relating to Latin America are to be reopened, as Venezuela applies to annul a US$98 million award won by the Vestey meat group and tobacco producer Philip Morris seeks to rectify an award dismissing its controversial claim against Uruguay.

17 August 2016

01 April 2006