Argentina and Uruguay: A New Hope for Arbitration

Argentina and Uruguay: A New Hope for Arbitration

Publication

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Excerpt: Both International Commercial Arbitration Laws are based on the UNCITRAL Model Law, replacing outdated rules in both countries’ domestic legislations for international arbitrations.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.

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