Fischer & Schickendantz is one of Uruguay’s leading law firms, assisting hundreds of companies and individuals doing business and investing in Uruguay. With a multi-disciplinary team of lawyers, conveyance attorneys, MBAs, and tax accountants, Fischer & Schickendantz prizes its focus on providing a one-stop solution to corporate leaders, both local and from overseas. A full-service law firm, our practice is divided into six core units: Corporate, Real Estate, Litigation, Tax & Incorporation, Immigration Law and Agribusiness, providing the highest level of service and expertise.
USD $1 Billion Railway Tender & USD $4 Billion Pulp Mill Construction by UPM (Finland)
Uruguay’s government launched a USD $1 billion tender for the financing, design, construction and operation of a 273 km-long railway between the Port of Montevideo and the city of Paso de los Toros, where Finland's UPM is set to build a USD $4 billion pulp mill. The operator will be awarded a 22-year contract, which shall be undertaken under a 3P (Public Private Participation) model. The public tender will be open to national and international companies and the bidders will establish the financing conditions. The deadline to submit bids is April 9, 2018.
In connection with this infrastructure project, Uruguay’s government has agreed with Finland’s UPM on the conditions for the installation of the company’s second pulp mill in the country (a USD $4 billion investment). With this investment, Uruguay’s forestry sector will likely see a new boom (Uruguay is one of the leading exporters of short-fibre pulp, produced from eucalyptus). For a description of Uruguay’s forestry sector, see: www.uruguaytimber.com.
Uruguay’s parliament passed a new “Irrigation Law” that seeks to facilitate building and financing of irrigation projects
Uruguay’s agricultural sector saw steep growth in the last 15 years (crop area increased tenfold, and Uruguay is one of the globe’s top exporters of soybeans today). The challenge for farmers lies in increasing crop yields through irrigation (which is not widespread, as the country relies mostly on its steady rainfall year round). The law establishes new, flexible methods for farmers to form joint ventures for irrigation projects; it also facilitates schemes for passive investors to finance projects; and it confirms the tax breaks granted under general tax exemption regulations.
Andersen Global Expands into Uruguay through a Collaboration Agreement with Fischer & Schickendantz
Andersen Global announces its expansion into Uruguay through a Collaboration Agreement with Fischer & Schickendantz, one of the country’s leading law firms. The addition of Fischer & Schickendantz continues Andersen Global’s expansion and robust presence within the Latin American region.
"Fischer & Schickendantz brings a new depth to our team and our business development efforts in South America, while allowing us to deliver additional services in the region,” said Andersen Tax CEO, Mark Vorsatz. “Uruguay is the next major step in our firm’s growth and is an excellent complement for Andersen Global. The ability to provide a full scope of services in Uruguay offers significant advantages, especially given their large cross border client base and Uruguay’s increase in foreign investments as well as the equal treatment the country provides to both foreign and local investors.”
Andersen Global has a presence in 70 locations worldwide and more than 2,000 professionals through its member firms and collaborating firms.