Introduction

An interesting development relating to the US-Uruguay BIT occurred on the sidelines of the Summit of the Americas conference in Buenos Aires early November 2005. As you recall, that BIT was signed about 1 year ago - it was the first (and to date only) fully negotiated utilization of the revised US Model BIT as an investment treaty rather than a chapter in a free trade agreement. Simultaneously with the execution of the US-Uruguay BIT in 2004, though, the center-right government in Uruguay was replaced in elections by a center-left government led by Pres. Tabare Vasquez. ...