News of 2012

31.08.12

12 countries interested in Uruguay to invest

12 countries interested in Uruguay to invest

Of 28 inquiries received from different countries about investment during the 7th month of the year, Argentina reaches the 25%, Spain the 18% (represented a half of interested investors of Europe) and Brazil represents the 7%. The other 18% represented by Europe were inquiries from Belgium, France, Portugal and Switzerland. Meanwhile, USA and Canada reaches the 18%. Also, inquiries from Asia and Middle East were smaller than other months, reaching the 11%. In this sense, despite the European and regional uncertainty the non-stop flow of inquiries was remarkable. Thus, it could have influenced the foreign investors’ interest in Uruguay.

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06.07.12

Favorable Ruling from Uruguayan Trademarks Office

During the course of 2011, our Legal Department has obtained numerous favorable decisions from the Trademark Office and the Supreme Court. One of the mentioned rulings, was issued in the case of an opposition filed by our client, Formula One Licensing BV against the application in our country of a similar mark later than another which was property of our client.

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06.07.12

New Consultant at Trademarks Office

In the past month of April, our esteemed colleague, Dr. Nicholas Orrico, after being part of our Legal Department for over five years, has been appointed by the National Directorate of Industrial Property to join that body to strengthen and improve their services.

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05.07.12

Spain Looks to Uruguay

Spain Looks to Uruguay

The Spanish business community is bristling ever since Argentina announced it would expropriate Repsol, a move with potentially serious consequences that could impact corporate decisions, leading companies to look for other investment alternatives. This shift away from Argentina is one of the reasons Uruguay emerges as a strong potential destination for Spanish investments.

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05.07.12

Uruguay: 4th Top Country for Retail Investments

Uruguay: 4th Top Country for Retail Investments

Uruguay came in fourth in the ranking of countries with the highest potential for retail investments. According to the Global Retail Development Index (GRDI), Uruguay is becoming a major retail destination.

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04.07.12

Global distinction

During the celebration of INTA in the City of Washington last May, at the reception held by Motorola, Inc. Trademark Team, a Certificate of Excellence was presented, to distinguish the services of three of its outstanding correspondents around the world. Our firm, Pittaluga Abogados was awarded among them.

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25.06.12

“Green” Investment: Uruguay Places 10th in Regional Ranking

“Green” Investment: Uruguay Places 10th in Regional Ranking

Uruguay placed tenth in Climatescope, a ranking of Latin American and Caribbean countries that attract investments for “green” economy development and foster low-carbon energy growth.

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30.05.12

Uruguay: Principal destiny of spanish investors

Uruguay: Principal destiny of spanish investors

Around 150 exhibitors attended the estate event that was held from the 19th up to the 22nd April in the 5th.pavilion of Madrid´s fair. The Madrid International Real Estate Exhibition 2012 (SIMA 2012 for its acronym in Spanish) gathered international exhibitors from Uruguay, Mexico, Florida and Russia. Uruguay was chosen by the organization as the invited country for this edition. This country gathered in its stand developers and estate agents, lawyer firms, financial institutions, hotels, air companies, airports and golf local fields.

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30.05.12

Uruguay reaches the investor grade

Uruguay reaches the investor grade

The risk rater Standard & Poor raised Uruguay´s qualification from BB+ to BBB-, which qualifies it as an investor grade. It is the first agency to give Uruguay the “excellence” grade.

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17.02.12

The government creates new “competitive dialogue” for bids

The government creates new “competitive dialogue” for bids

With the approval of the rules of the PPP law (public private partnerships) the executive power established the launching of what they called “competitive dialogue”, an innovative relation between the State and private parties to unblock productive infrastructure and social works.

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