The events of the case refer to the transference of the bank funds of a group of depositors in the Banco Montevideo S.A to the Trade and Commerce Bank in the Caiman Islands. This occurred during the financial crisis in Uruguay at the close of the year 2001. Some financial organizations had cash-flow issues which provoked the intervention of the State and their subsequent liquidation.

The depositors base their demands in accordance with the procedures set out in Law N° 17.613, which regulates the financial system and establishes a special administrative procedure for the determination of the rights of depositors whose savings have been transferred to other institutions “without their consent”

The IA Court established standards on the scope of procedural guarantees and the right to be heard in the processes before administrative bodies.