Investment Arbitration, Investment Disputes, Investment law, Investment protection, Investment Treaties, Latin America, Uruguay
Uruguay Found Liable in Treaty Dispute with Airline Company Investor
On February 13, 2024, a tribunal comprising of Alexis Mourre, Eduardo Siqueiros and Eduardo Zuleta Jaramillo rendered an award in the case of Latin American Regional Aviation Holding S. de S.R.L. v. Uruguay (ICSID Case No. ARB/19/16), under the Panama – Uruguay bilateral investment treaty (the “Treaty”). The dispute concerned Uruguay’s national airline Pluna, where…