The Legal 500




Legal market overview

Uruguay continues to benefit from a positive economic outlook, thanks in part to a forecast 3% growth in GDP and an international reputation as a safe haven in Latin America for investors. It has also emerged from the 2002 financial crisis (which arose when Argentina’s default sparked an economic crisis in Uruguay) in a stronger position, thanks in part to less dependency on Argentina to drive the country’s economic growth. The country’s impending national election (to be held in October 2014) is presenting a new set of challenges, including the question of how to reach the approximately 250,000 new voters who are disregarding traditional media streams such as radio and print in favour of newer forms of social media.

In the legal market, two local powerhouses dominate for major transactional and disputes work: Ferrere – which relocated to new corporate headquarters in Montevideo in 2013 – and Guyer & Regules. The Uruguayan legal market fields several other significant and respected corporate practices, including Posadas, Posadas & Vecino, which has continued to grow its reputation in corporate and financial matters due to its broad overseas client base; Jiménez de Aréchaga, Viana + Brause, which has strength in financial matters; and Hughes & Hughes, Bergstein, Sanguinetti & Foderé Abogados, and 2011 start-up Bragard & Durán Abogados, are all also well-regarded firms.

Standalone IP firms corner the market in the intellectual property space, although the full-service Ferrere is the outlier here thanks to its strong IP service. Other leading practices in the IP sector include Fischer Abogados, Cikato Lawyers – Intellectual Property, Fox & Lapenne, Vanrell Propiedad Intelectual, and Cervieri Monsuárez y Asociados, which recently recruited English lawyer Mark Teuten and absorbed his boutique practice Teuten Abogados.

[Note: Unlike accountants, Uruguayan public notaries (escribanos) have the same educational requirements as lawyers. For the purposes of this chapter, such notaries are included herein.]

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Anti-Money Laundering Update - Cyprus

    First uploaded on the International Bar Association's Anti-Money Laundering website.
  • Austria: Extension of the threshold regulation until the year 2016

    The "threshold regulation" adjusting (raising) the sub-thresholds of the Austrian Procurement Act ("BVergG") will be extended once again, namely for two more years. This plan was disclosed in the press briefing issued in conjunction with the retreat held by the members of Austria's federal government on September 27th and 28th this year. Thus, contracting authorities will continue to be able to benefit from substantial procedural simplifications when awarding contracts below the threshold in 2015 and 2016 as well. read more...
  • Serbia: Insolvency Act Amendments adopted

    As of 13 August 2014, the amendments and supplements to the Insolvency Act [Zakon o stečaju] are in force, published in the Official Gazette of RS no. 83/2014 ("New IA"). The New IA shall not be implemented retroactively, and those insolvency proceedings that were ongoing on the day the New IA entered into force will be continued under the previously valid rules. read more...
  • Hungary: New advertising tax feels like a bucket

    Hungary's new advertising tax, which has been introduced effective as of 15 August 2014, affects not only media companies, online and offline content providers and advertising agencies (media companies), but may also affect regular manufacturing and trading companies active in various industry segments (commercial companies). read more...
  • Voluntary ex ante transparency notice does not provide a clean bill of health...

    The ECJ has ruled that the so-called "voluntary  ex ante  transparency notice" under certain circumstances does not preclude review authorities from declaring a contract ineffective if it was awarded without prior publication of a contract notice. Moreover, the ECJ ruled that review authorities must declare a contract ineffective if the contracting authority could not legitimately hold that that the conditions for directly awarding the contract were in fact satisfied (ECJ 11.09.2014, Case C-19/13 Fastweb SpA ). read more...
  • Austria / EU: Latest EU Sanctions against Russia

    After introducing the "sectoral sanctions" against Russia on 1 August 2014 (see our  Legal Insight of 1 August 2014 ), the sanctions regime has been tightened further on September 12 as set out in EC Regulation No 960/2014. read more...
  • Austria: Judgment sheds light on joint ventures under the country’s merger control*

    Austrian merger control continues to capture non-full-function joint ventures. Joint ventures covered by merger control are sheltered against parallel assessment under the Austrian rules against anticompetitive agreements (no dual control). read more...
  • Czech Republic: Mergers, or thick red lines?

    In its decision no. 29 Cdo 3068/2013 dated 19 June 2014, the Supreme Court of the Czech Republic ("SCCR") once again ruled on the issue of the irreversibility of the legal effects of registration of transformation in the Czech Commercial Register. read more...
  • Hosting service providers at gunpoint of the financial "sharks"

    Can you fully control the Internet?
  • Financial Services & Regulatory Autumn Update 2014

    In this Update, we look at some valuable lessons learned for all financial services businesses from recent JFSC examinations and investigations, as well as amendments to the Companies (Jersey) Law.    Read more...

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to