URUGUAY Law and Practice Contributed by: Leonardo Melos, Bergstein Abogados
13.2 Ethical Codes The only ethical code applicable to the legal profes - sion is the Uruguayan Bar Code of Ethics. However, this code would only apply to Uruguayan practitioners who are members of the Uruguayan Bar. In Uruguay, it is not mandatory for a legal practitioner to become a member of the local Bar. 13.3 Third-Party Funding Uruguay has no restrictions regarding third-party funders. 13.4 Consolidation An arbitral tribunal would only be entitled to consoli - date separate agreements upon the acceptance of all
if the enforcing party demonstrates that the assets are intended for a commercial activity. 12.3 Approach of the Courts International public order should be construed as the basic set of common principles on which a state grounds its legal individuality. Therefore, for the recog - nition of a foreign award to be rejected, such an award must infringe the essence of international public order principles in a concrete and serious manner. It should be borne in mind that ‒ for the recognition of an award to be rejected based on the public order exception ‒ the public order to be considered is international public order, not internal public order. Therefore, the approach of local courts regarding recognition of for - eign arbitral awards is more favourable than the one established in the UNCITRAL Model Law, which also includes the exception of internal public order. 13. Miscellaneous 13.1 Class Action or Group Arbitration Uruguay does not regulate class action or group arbi - tration claims.
parties involved in the dispute. 13.5 Binding of Third Parties
A third party cannot be bound by an arbitration award issued in a proceeding in which it did not actively par - ticipate. National courts would not bind a third party to an arbitration proceeding if such party did not par - ticipate.
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