2017
Agarwal and Mehta v. Uruguay Prenay Agarwal, Vinita Agarwal and Ritika Mehta v. Uruguay (PCA Case No. 2018-04)
Uruguay
United Kingdom
Investments in the Valentines iron ore project through Minera Aratirí that held several prospecting and exploration permits, granting it an exclusive right to obtain the exploitation concession for the Valentines project.
Claims arising out of allegedly arbitrary and non-transparent conduct of the Government in relation to the claimants’ investments in the Valentines iron ore project, including repeated regulatory changes with respect to the port terminal (which had to be built as part of the project), ultimately leading to the project’s shutdown.
Primary: B - Mining and quarrying
7 - Mining of metal ores
UNCITRAL
PCA (Permanent Court of Arbitration)
Rigo Sureda, A.
Johnson, O. T.
Mayer, P.
Decided in favour of State
Award dated 6 August 2020
3536.00 mln USD
Data not available
Data not available
None - jurisdiction declined
None
https://www.iareporter.com/articles/mining-investor-targets-uruguay-with-uncitral-bit-arbitration-over-iron-ore-project/ (requires subscription)
https://www.iareporter.com/articles/29377/ (requires subscription)
http://ciarglobal.com/uruguay-enfrenta-arbitraje-uncitral-contra-zamin-ferrous-por-mina-de-hierro/
http://globalarbitrationreview.com/article/1144969/uruguay-faces-new-treaty-claim-over-mining-project (requires subscription)
http://www.elpais.com.uy/informacion/trabajadores-aratiri-denunciaron-desvio-fondos.html
http://www.busqueda.com.uy/nota/aratiri-demanda-al-estado-uruguayo-por-su-conducta-arbitraria-y-no-transparente
https://globalarbitrationreview.com/article/1172895/uruguay-will-face-multibillion-dollar-mining-claim (requires subscription)
https://www.elobservador.com.uy/nota/aratiri-demando-a-uruguay-por-us-3-536-millones-vamos-a-triunfar-dijo-tabare-vazquez-20188813100
https://www.iareporter.com/articles/judge-orders-government-to-divulge-request-for-arbitration-as-bit-tribunal-issues-decision-with-respect-to-the-operative-arbitration-rules/ (requires subscription)
https://globalarbitrationreview.com/uruguay-defeats-multibillion-dollar-mining-claim (requires subscription)
https://www.iareporter.com/articles/breaking-uncitral-tribunal-declines-jurisdiction-over-discretionary-beneficiaries-of-a-trust/ (requires subscription)
https://foleyhoag.com/news-and-events/news/2020/august/foley-hoag-helps-uruguay-win-another-investment-arbitration
https://medios.presidencia.gub.uy/tav_portal/2020/noticias/AG_602/Comunicado%20Oficial.pdf