Arbitral Digest

Matter

Oleaginosa San Lorenzo S.A. v VGF Inversiones y Actividades Especiales S.A. — FOSFA Arbitration No. 4695

Case no.
4695
Seat
England
  1. 1 November 2021England

    1 November 2021England

    FOSFA Arbitral Award in Arbitration No. 4695 dated 1 November 2021

    Federation of Oils, Seeds and Fats Associations (FOSFA)

    Decision summary
    The tribunal ordered VGF Inversiones y Actividades Especiales S.A. to pay Oleaginosa San Lorenzo S.A. US$2,160,000, with 6% annual interest from 18 December 2019 until payment, plus the costs and expenses of the arbitration.

    Supporting details

    2 participants
    Oleaginosa San Lorenzo S.A.
    VGF Inversiones y Actividades Especiales S.A.
    Federation of Oils, Seeds and Fats Associations (FOSFA)

    2 years, 6 months and 29 days later · 941 days

  2. 30 May 2024Uruguay

    30 May 2024Uruguay

    Decision of the Supreme Court of Justice in the case 554/2024 dated 30 May 2024

    Supreme Court of Justice of Uruguay

    Decision summary
    The Supreme Court of Justice of Uruguay granted recognition and enforcement of the foreign arbitral award rendered in FOSFA Arbitration No. 4695 and remitted the proceedings to the civil court of first instance assigned by turn for enforcement. The court found that the award satisfied the applicable authenticity, translation, jurisdiction, notice and defence, finality, and international public-policy requirements; costs and expenses were allocated without special order.

    Supporting details

    17 authorities · 2 participants
    Oleaginosa San Lorenzo S.A.
    VGF Inversiones y Actividades Especiales S.A.
    Supreme Court of Justice of Uruguay

    Authorities cited

    17
    • Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York, 1958)
      treaty
    • Inter-American Convention on International Commercial Arbitration (Panama, 1975)
      treaty
    • Inter-American Convention on Extraterritorial Validity of Judgments and Arbitral Awards
      treaty
    • MERCOSUR Agreement on International Commercial Arbitration No. 3/98 (Buenos Aires, 1998)
      treaty
    • MERCOSUR Protocol on Cooperation and Judicial Assistance
      treaty
    • Uruguay Law No. 17.834
      statute
    • Uruguay Decree-Law No. 14.535 of 24 June 1976
      statute
    • Article 543 of the Uruguay General Code of Procedure (Uruguay General Code of Procedure, Article 543)
      statute
    • Article 688 of the Uruguay Civil Code (Uruguay Civil Code, Article 688)
      statute
    • Articles 56.1 and 279 of the Uruguay General Code of Procedure (Uruguay General Code of Procedure, Articles 56.1 and 279)
      statute
    • Supreme Court of Justice of Uruguay, Judgment No. 101/2024
      case
    • Court of Appeals in Civil Matters, Second Turn, Judgment No. 161/2003
      case
    • Santos Belandro, R., Arbitraje comercial internacional (Oxford University Press, Mexico, 2000), p. 300
      academic
    • Vivien Matteo, Arbitraje Comercial Internacional, Revista de Derecho Comercial y de la Empresa No. 20 (October–December 1981), p. 245 et seq.
      academic
    • Huys-Keutgen, L'arbitrage en Droit Belge et International, p. 431
      academic
    • Fouchard, L'Arbitrage Commercial International, vol. II, p. 23
      academic
    • Foustoucos, L'Arbitrage — Interne et International — en Droit Privé Hellénique, p. 189
      academic

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Oleaginosa San Lorenzo S.A. v VGF Inversiones y Actividades Especiales S.A. — FOSFA Arbitration No. 4695 · Matter