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Article

3 Mar 2010

Author:
Luke Eric Peterson, in Investment Arbitration Reporter

[DOC] Uruguay: Philip Morris files first-known investment treaty claim against tobacco regulations

…Philip Morris International [part of Altria], has filed an arbitration claim against the Republic of Uruguay…The firm contends that a series of measures taken by Uruguay to dampen tobacco use in that country have given rise to breaches of the Switzerland-Uruguay bilateral investment treaty. ...[T]he arbitration appears likely to grapple with the thorny relationship between investment treaty protections and public health regulation by governments…Philip Morris International turned to arbitration on February 19…with the World Bank-affiliated International Centre for Settlement of Investment Disputes (ICSID)…Uruguay is viewed within public health circles as having taken some of the most aggressive measures to curb tobacco use…Callard, of Physicians for a Smoke-Free Canada, says that the…claim against Uruguay may be viewed as a shot across the bow of other Latin American countries contemplating more rigorous regulation.