Latest updates

Companies Law Amended
  • Corporate & Commercial
  • Uruguay
  • 20 August 2007

Significant modifications to the Companies Law have recently come into force. The changes affect the financial limits on companies' investment in other companies, revoke the provisions on maximum and minimum capital for corporations and limited liability companies, and introduce the possibility of exemption from certain accounting requirements if all of a local company's assets are located abroad.

New Law Restricts Ownership of Rural Real Estate
  • Real Estate
  • Uruguay
  • 23 February 2007

The Uruguayan Parliament recently passed a law which directly affects the ownership of farms or other agricultural properties by corporations with bearer shares. The general principle of this law is that only natural persons and certain business entities may own farms and other rural real estate.

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