URUGUAY Law and Practice Contributed by: Leonardo Melos, Bergstein Abogados
13.3 Third-Party Funding Uruguay has no restrictions regarding third-party funders. 13.4 Consolidation An arbitral tribunal would be entitled to consolidate separate agreements only upon the consent of all par - ties to 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.
established in the UNCITRAL Model Law, which also includes an exception for internal public order.
13. Miscellaneous 13.1 Class Action or Group Arbitration Uruguay does not regulate class action or group arbi - tration claims. 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.
1129 CHAMBERS.COM
Powered by FlippingBook