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Guyer & Regules is the first Uruguayan agency to have been recognized as “Latin America Law firm of the Year”, “Uruguayan Law Firm of the Year” for 3 consecutive years and to have acquired the “Client Service Award” by Chambers & Partners. The precept of territorial source is preserved within the taxation of revenue, according to which taxation is utilized exclusively to revenue deriving from activities undertaken, or belongings located, or financial rights exercised; throughout the nation. The agency has additionally been acknowledged as ‘Uruguay Tax Firm of the Year’ by International Tax Review ‘ Euromoney for the last three consecutive years. The sale leaves Total with a 50 per cent stake in block 14, while the other stakeholder, ExxonMobil holds a 35 per cent curiosity. Guyer & Regules helped French oil explorer Total in the sale of 15 per cent stake in block 14, which is in the Pelotas basin, to Norwegian state oil firm Statoil. Drilling on the offshore block – which is assumed to have the deepest oil reservoir on the earth – is expected to start out inside the first half of this yr.
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