He Uruguayan state will have to pay compensation of between 30 and 80 million dollars and was held responsible for the bankruptcy of the flag airline by the International Center for Settlement of Investment Disputes (ICSID) of the World Bank; This provoked the reactions of the Colorado Party and the National Party, while Yamandu Orsi He gave his opinion on the case.
The ICSID resolved an arbitration initiated after the claim of the Panamanian company Latin American Regional Aviation Company Holding (Larah), who had shares in Pluna and was critical in its resolution with the then government of Jose Mujicain power when the airline closed, local media reported.
After the sentencing, several white politicians came out to comment against the Wide Front. One of them was the senator Graciela Bianchi who assured that this event is “another FAPIT business that costs millions.” “For Transparency International, wasting public money is corruption,” Bianchi added.
For his part, the senator Sebastian Da Silva He also shot at Wide Front: “And they are still asking for a vote to make the same disasters. Does anyone imagine Mujica or Fernando Pereira holding a press conference tomorrow to ask for forgiveness? No, they are going to talk about Astesiano,” he tweeted.
Meanwhile, the mayor of Rocha, Alejo Umpiérrez, also went against the left-wing party: “THANK YOU FRONT BROAD: Uruguayan State lost international trial for closing Pluna for US$80 million,” he published on his social networks.
Another representative of National Party He also criticized the opposition: “Should taxpayers pay the price? Whoever violated the regulations should be responsible.” Uruguay must pay US$30 million to close Pluna; for government court Mujica violated international agreements,” the white senator tweeted, Carmen Asiaín.
The Colorado Party, specifically the Batllista sector, also expressed its discontent. “Thank you Frente Amplio! Another bill that Uruguayans must take care of…”, began the publication on their X account. “In addition to continuing to pay millions of dollars to this day for planes that no longer exist, Uruguayans save They must be responsible for PAYING a minimum of 30 million dollars for losing the lawsuit to close PLUNA,” they added.
Yamandu Orsi’s reaction
The mayor of cannelloni and current presidential candidate for the Broad Front, Yamandú Orsi, also gave his opinion on the case. “She is a very bad news. It is not good. We have had experiences at the international level of trials. We have had experiences where you win, but this one you lose,” said the politician.
“First I am going to analyze specifically what it is about, but as a country we should also improve that aspect of the defending . Because this is all cooked in the north. They solve it there. Let’s not forget what happened with the issue of tobacco companies. It is something that does not exist government that escapes and I believe that we should look at strengthening that area, which is the legal area of the State”, said the still mayor.
The keys to the sentence
The journey of the Pluna case in the World Bank arbitration body, located in New York, began almost five years ago, in May 2019.
He ICSID It reached the amount of between 30 and 80 million dollars in compensation – depending on the source – based on the interest since Pluna closed in 2012. And it imposes a default of 500,000 dollars on the Uruguayan State for each month that it does not pay the sentence.
Larah assured that the Mujica government violated the Reciprocal Investment Protection agreement signed between Uruguay and Panama by expropriating Pluna without paying economic compensation. He requested, in the lawsuit, about 800 million dollars.
However, the study Foley Hoag – who already represented Uruguay in the lawsuits of the tobacco company Philip Morris and the mining company Aratirí, achieved that the figure of the ruling of the ICSID was much smaller.
The opinion ensures that the government of Jose Mujica violated the rights of the Larah company and violated its international obligations through “unfair, inequitable and expropriatory treatment” with its conduct towards Pluna, El País reported.
He ICSID considered that the Frente Amplista government financially suffocated the airline company to avoid taking responsibility for million-dollar lawsuits for the bankruptcy of Varigin Brazilwhich Pluna managed between 1995 and 2000, despite the fact that the Uruguayan State had said that it would be responsible.
Source: Ambito
