Matter

Vicentin S.A.I.C. v Nacadie Comercial S.A. (Supreme Court of Justice of Uruguay 101/2024)

Seat: England
Applicable rules: GAFTA Arbitration Rules No. 125

12 November 2021England
12 November 2021England
GAFTA arbitral award in Vicentin S.A.I.C. v Nacadie Comercial S.A.
Decision summary
The award ordered Nacadie Comercial S.A. to pay Vicentin S.A.I.C. US$168,750 with 6% annual interest from 22 November 2019, US$34,990 with 6% annual interest from 18 December 2019, and £8,688.75 in arbitration costs and expenses.
Supporting details
2 participants
Vicentin S.A.I.C.
Nacadie Comercial S.A.
Mentioned in judgment
2 years, 3 months and 10 days later · 832 days
22 February 2024Uruguay
22 February 2024Uruguay
Decision of the Supreme Court of Justice of Uruguay in the case 101/2024 dated 22 February 2024
Supreme Court of Justice of Uruguay
Decision summary
The Supreme Court of Justice of Uruguay recognized and granted enforcement of the GAFTA arbitral award rendered in England in favor of Vicentin S.A.I.C. against Nacadie Comercial S.A., finding that the arbitration agreement, tribunal jurisdiction and constitution, notice and opportunity to defend, finality of the award, and international public policy requirements were satisfied. It remitted the proceedings to the competent court of first instance after assignment by the ORDA, without a special award of costs.
Supporting details
16 authorities · 2 participants
Vicentin S.A.I.C.
Nacadie Comercial S.A.
Supreme Court of Justice of Uruguay
Authorities cited
16
- Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York, 1958)
  treaty
- Uruguay Decree-Law No. 14,535 of 24 June 1976 (Decree-Law No. 14,535 of 24 June 1976)
  statute
- Inter-American Convention on International Commercial Arbitration (Panama, 1975)
  treaty
- Inter-American Convention on Extraterritorial Validity of Foreign Judgments and Arbitral Awards (Montevideo, 1979)
  treaty
- MERCOSUR Agreement on International Commercial Arbitration (Buenos Aires, 1998)
  treaty
- Uruguay Law No. 17,834 (Law No. 17,834)
  statute
- Protocol of Las Leñas
  treaty
- Uruguayan General Code of Procedure (General Code of Procedure)
  statute
- Second Court of Appeals in Civil Matters, judgment No. 161/2003 (LJU c. 14744) (Judgment No. 161/2003 (LJU c. 14744))
  case-law
- Enrique Tarigo, Lecciones de Derecho Procesal Civil, Vol. III (1999) (Enrique Tarigo, Lecciones de Derecho Procesal Civil, Vol. III, FCU, Montevideo, 1999)
  academic
- Antonio Miaja de la Muela, Derecho Internacional Privado II (1974) (Antonio Miaja de la Muela, Derecho Internacional Privado II, Atlas, Madrid, 1974)
  academic
- Cal Laggiard, Jurisprudencia de la Suprema Corte de Justicia en materia de ejecución de sentencias extranjeras de condena (2011) (Cal Laggiard, Jurisprudencia de la Suprema Corte de Justicia en materia de ejecución de sentencias extranjeras de condena, Revista de Derecho, Universidad de Montevideo, No. 19 (2011))
  academic
- Vivien Matteo, Arbitraje Comercial Internacional (1981) (Vivien Matteo, Arbitraje Comercial Internacional, Revista de Derecho Comercial y de la Empresa No. 20 (1981))
  academic
- Huys-Keutgen, L'arbitrage en Droit Belge et International (1981) (Huys-Keutgen, L'arbitrage en Droit Belge et International, Bruylant, Bruxelles, 1981)
  academic
- Fouchard, L'Arbitrage Commercial International, Vol. II (1965) (Fouchard, L'Arbitrage Commercial International, Vol. II, Dalloz, Paris, 1965)
  academic
- Foustoucos, L'Arbitrage - Interne et International - en Droit Prive Hellenique (1976) (Foustoucos, L'Arbitrage - Interne et International - en Droit Prive Hellenique, Librairie Technique, Paris, 1976)
  academic
Direct judgment