Region: Uruguay

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

Second port operator threatens 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 chases ICSID claimant over costs award

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

Uruguay settles billion-dollar port dispute

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

Petrobras and Uruguay see end to ICC dispute

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

UPDATED: Two Lat Am awards revisited at ICSID

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

Uruguay steered towards arbitration

01 April 2006

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