Institutionals

International Newsletter - Uruguay: A Free Trade Agreement with China? (23 September 2021)

On September 7, 2021, the Uruguayan government received a “formal proposal” from China to push forward the process to enter into a free trade agreement with such country. Further to the proposed time-table, an initial feasibility study would be conducted, to be followed by negotiations over the agreement draft. China is already Uruguay’s main trading partner. In 2020, China was the principal destination for Uruguayan exports (followed by Brazil, the EU and the US, in such order), representing 27% of Uruguay's exports. In the first eight (8) months of 2021, sales to China increased 63% over the same period in 2020. The main export product was beef, which grew 205%. A free trade zone agreement with Uruguay's most significant commercial partners has been a continued aspiration of Uruguay's recent Administrations. ________________ The above communication has been prepared just for information purposes. It cannot be construed as legal advice provided by Bergstein Abogados. Should you have any further questions, please feel free to contact Guzmán Ramírez (gramirez@bergsteinlaw.com) and/or Domingo Pereira (dpereira@bergsteinlaw.com).

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International Newsletter - Uruguay: Green Hydrogen Generation Plant is Officially Launched (April 2021)

A few days ago, the National Government officially presented its project for the installation of a green hydrogen generation plant in Uruguay (the “Project”). Companies of the industry, financial institutions and other interested stakeholders can benefit from individual meetings with Governmental authorities and experts to better understand the Project, ask questions and get additional information. To participate in such meetings, interested companies are required to sign a letter or interest and a confidentiality agreement. Follows below a brief summary of the Project’s main characteristics: (i) The plant will have a minimum capacity of 1.5 MW, and will be established in a piece of land to be facilitated by the Government to the awarded company (free of charge). (ii) The hydrogen will be used by heavy transport vehicles such as buses and trucks. (iii) The bidding company will be required to submit an agreement executed with a company operating a minimum of ten (10) trucks of seventeen (17) tons in weight, or nine (9) buses of nine (9) meters long. (iv) The bidding process will take place next semester. (v) The concession will be granted for a 10-year-term. (vi) The awarded company will benefit from broad tax exemptions. ________________ The above communication has been prepared just for information purposes. It cannot be construed as legal advice provided by Bergstein Abogados. Should you have any further questions, please feel free to contact Domingo Pereira (dpereira@bergsteinlaw.com) and/or Guzmán Ramírez (gramirez@bergsteinlaw.com).

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Leaders League 2021 - Ranking

Bergstein is proud to announce that 2021 Leaders League Ranking has once again qualified Bergstein as one of the Excellent and Highly Reccommended (with special mentions) law firms in Uruguay. The ranking can be seen by clicking on the following link:

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TAGLaw - Recognition Chambers & Partners

TAGLaw, a global alliance of independent law firms of which Bergstein is the sole Uruguayan member, has been recognized by Chambers & Partners as “Elite” for 2021—the highest ranking awarded to legal networks and alliances. This is the eighth time TAGLaw has received the distinguished “Elite” designation since Chambers & Partners began ranking legal networks and alliances in 2013. You can access to TAGLaw´s news by clicking on the following link:

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