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MercoPress, en Español

Montevideo, June 26th 2024 - 11:34 UTC

Tag: Montecon

  • Monday, May 27th 2024 - 08:28 UTC

    Port of Montevideo ICSID case: President Lacalle pledges to defend national interests

    Some port users were privileged back in the day, Lacalle argued

    Uruguayan President Luis Lacalle Pou called for “sustaining the largest port investment in history” and pledged to “watch over the national interest” in the US$ 600 million lawsuit filed by Montecon before the International Center for Settlement of Investment Disputes (ICSID) for alleged “anti-competitive practices” in the Port of Montevideo.

  • Saturday, May 25th 2024 - 10:08 UTC

    Uruguayan State requested hefty sum in damages over Montevideo Port deals

    The Washington-based ISCSID belonging to the World Bank Group agreed to handle the case

    Chilean and Canadian partners of the Montecon consortium handling operations in the port of Montevideo have started an arbitration process for “damages and losses” worth up to US$ 600 million against the Uruguayan State before the International Centre for Settlement of Investment Disputes (ICSID) after preventing the company from transferring and storing containers in the facility's docks. Montecon is owned by the Neltume Ports consortium.