URUGUAY

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URUGUAYAN STRUCTURE

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Pursuant to the Uruguayan Act Nº16.060, a Corporation may have one of the following organizational structures:

  1. An open Corporation: must have an Executive Board (in Spanish: “directorio”and a Supervisory Board (in Spanish: “Sindicatura o Comisión Fiscal”).
  2. A closed Corporation may have an Executive Board or one or more Managing Directors (in Spanish: administradoresonly/or with a Supervisory Board (in Spanish: “órgano de control interno”).

Please see, respectively, "Executive Board", "Managing Directors", and "Supervisory Board" below for a more in-depth description of each structure, including how to change the respective board members.


For a description of how to change the respective board members, please see the individual steps below.
As all information on how to change board members in Uruguay on the LCB Site by nature is generic (i.e. does not include specific requirements for listed companies, special requirements in statutory documents or as otherwise stipulated in any type of special law), we strongly recommend seeking legal advice before actually changing any board members in Uruguay.

Pursuant to the Uruguayan Act Nº16.060, a Limited Liability Company may have one of the following organizational structures:

  1. An Executive Board (in Spanish: “directorio”) and a Supervisory Board (in Spanish: Sindicatura o Comisión Fiscal”).
  2. One or more Managing Directors (in Spanish: administradores) and a Supervisory Board.

Please see, respectively, "Executive Board", "Managing Directors", and "Supervisory Board" below for a more in-depth description of each structure, including how to change the respective board members.


For a description of how to change the respective board members, please see the individual steps below.
As all information on how to change board members in Uruguay on the LCB Site by nature is generic (i.e. does not include specific requirements for listed companies, special requirements in statutory documents or as otherwise stipulated in any type of special law), we strongly recommend seeking legal advice before actually changing any board members in Uruguay.

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Hector Ferreira
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Hughes & Hughes has provided all input about changing board members in Uruguay.

H&H is one of the most prestigious law firms, widely recognized for its corporate and international practice and for its constant advice to foreign investors and multinational clients. H&H has participated in many of the most relevant M&A, financial transactions, and investment projects in Uruguay and has been consistently ranked at the top positions by the most important international legal publications.

For more information about Hughes & Hughes and changing board members in Uruguay, please contact our Partner directly.

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