Philips Morris Vs Uruguay
Arb 10 7 award members of the tribunal prof.
Philips morris vs uruguay. Philip morris international believes uruguay is marlboro country. Philip morris brands sàrl philip morris products s a. Oriental republic of uruguay icsid case no.
Caso philip morris contra uruguay started on 19 february 2010 when the multinational tobacco company philip morris international filed a complaint against uruguay. 18 in particular abal sold the marlboro fiesta l m philip morris casino and premier brands of cigarettes in uruguay. Philip morris initiated legal proceedings through its swiss subsidiary against uruguay at the world bank s international centre for settlement of investment disputes icsid early in 2010.
Among many firsts this was the first time a tobacco group challenged a state in front of an international court and the first investment arbitration. Switzerland uruguay bit 1988. And abal hermanos s a.
The case reminds us of the one between philip morris and australia in both cases philip morris claimed that their investment had lost value due to a new tobacco legislation and therefore the company is entitled to compensation. Uruguay philip morris brands sàrl philip morris products s a. The philip morris v uruguay case spanish.
And abal hermanos s a. Uruguay philip morris brand sàrl switzerland philip morris products s a. Key cases from the 2010s and on this website on october 18 2018.
Gary born arbitrator judge james crawford arbitrator secretary of the tribunal. The claimants and oriental republic of uruguay the respondent icsid case no. Piero bernardini president mr.
