Is one of Uruguay’s leading law firms, assisting hundreds of companies and individuals doing business and investing in Uruguay. With a multi-disciplinary team of lawyers, conveyance attorneys, MBAs, and tax accountants, Fischer & Schickendantz prizes its focus on providing a one-stop solution to corporate leaders, both local and from overseas. A full-service law firm, our practice is divided into six core units: Corporate, Real Estate, Litigation, Tax & Incorporation, Immigration Law and Agribusiness, providing the highest level of service and expertise.
Uruguay’s timber industry experienced significant reshuffling in the year’s second quarter
In June, Brazil’s BTG Pactual acquired Weyerhauser’s 300,000 acres of timberlands for USD 402 million (as the Seattle-based company shed the last of its properties outside the U.S. and Canada). Harvard University announced the sale of its 50,000 acres of eucalyptus forests, for USD 120 M. In addition, Finland’s UPM has moved ahead with negotiations with the Uruguayan government, to install its second pulp mill in Uruguay.
NH Foods Group of Japan completed the acquisition of British-owned Breeders & Packers Uruguay S.A. (BPU)
NH Foods Group is one of the leading global food companies, producing fresh meat and marine products, and with annual revenues of over USD 11.3 Bn. The acquisition of 100% of the issued shares of BPU, the leading beef processing plant in Uruguay, and one of the most modern globally, represents an important step for NH Foods Group; and a commitment to Uruguay’s productive quality and access to the most demanding beef markets.
Fischer & Schickendantz acted as sole legal advisor to BPU in the transaction.
New PPP for the upgrade of public education infrastructure
Uruguay launched a new PPP for the upgrade of public education infrastructure, a USD 60 M project. The tender conditions have been issued and the deadline for bids is set for August 21, 2017, and financial closing is scheduled for Q4 2017. The project entails the construction of 23 schools, 10 sports centres and 9 technology centres across the country. It will have a 22 year concession period, and it is the second education PPP in Uruguay to be launched (the first one, worth USD 65 M, was launched in December 2016, with the opening of bids scheduled for May 15th, 2017).