In July 2018, both Argentina and Uruguay passed new arbitration laws governing arbitrations seated in the respective countries. WilmerHale Counsel Rina See and visiting foreign lawyer Tomas Ambrosini offer a comparison on the new laws against the text of the UNCITRAL Model Law in this article published by Commercial Dispute Resolution, Spring 2019.
Excerpt: Both International Commercial Arbitration Laws are based on the UNCITRAL Model Law, replacing outdated rules in both countries’ domestic legislations for international arbitrations. The simultaneous enactment of international arbitration law – and both countries’ choice to follow the Model Law, adopted by more than 80 countries around the world – ensures certainty, and is a welcome step for arbitration in the region. Read the full article.