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.
The World Bank’s Board of Executive Directors approved the project “Additional Financing: Uruguay Road Rehabilitation and maintenance program”
The IBRD Loan provides up to USD 70 million with a maturity term of 17.5 years (grace: 5 years). The program’s goal is to improve the conditions of Uruguay's road networks (which is being upgraded under this, and other PPP schemes) and enhance road sector management.
Uruguayan economy grew 1.1% during the third quarter
Uruguayan economy grew 1.1% during the third quarter, well above the revised 0.2% sluggish increase in 2016Q2. Real GDP expanded 2.0% y/y in 2016Q3, its fastest pace since 2015Q1. According to the latest Central Bank’s survey, analysts revised upwards their growth forecast for 2016 to 1.3%, from previous 0.4%. In addition, the Japanese credit rating agency Rating and Investment, affirmed Uruguay`s (“BBB-”) rating, while keeping the positive outlook.
Spanish company Saeta Yield SA will acquire the Carape I and II wind farms in Uruguay
Spanish renewable energy plants owner Saeta Yield SA has announced it will acquire the Carape I and II wind farms in Uruguay, located in Uruguay’s Maldonado Department, with a combined capacity of 95 MW and with a total of 31 Vestas V112 3.075 MW wind turbines. The output is being sold to local utility Administracion Nacional de Usinas y Trasmisiones Eléctricas (UTE). The transaction would include the buying of the operational plants from Argentine holding company Corporacion America SA and Grupo San Jose. The price exceeds USD 65 million.