Jorge Díaz celebrates favorable ruling on Aratiri: "An important triumph for Uruguay"

“It is an important triumph for Uruguay, because until April 2nd it was certain that it was facing a second arbitration for a millionaire figure,” said the President’s secretary, Jorge Díaz, on the decision of the judgment of a court of cassation in Paris, which overturned the ruling of the Court of Appeal of France, regarding the demand of the investors of the Aratirí mining project. “Uruguay welcomes the news, with great tranquility and joy,” …

The Uruguayan government welcomed and relieved a recent ruling of the Court of Cassation of Paris, which supports Uruguay’s position in the international litigation initiated by the investors of Aratiri. Jorge Díaz, President’s Secretary, highlighted the decision as an “important triumph for Uruguay”, which generates “a lot of peace and joy” in the government. The origin of the case dates back to a lawsuit filed by investors before the Internati…