Most recent publications
Recession, high inflation, currency devaluation and application of the accounting adjustment for inflation, among other causes, may provoke that many companies must expose on their balance sheets relations that make them be incurred in the causes of mandatory capital reduction (Section 206 of the General Companies Law N 19,550, the Ley General de Sociedades or LGS, as amended) or dissolution for loss of capital (Section 94, subsection 5, of the LGS).
Foreign direct investments in Argentina: new Central Bank regulations allowing payment of dividends without prior authorization
On January 16, 2020, the Central Bank of the Argentine Republic (Banco Central de la República Argentina, or BCRA after its Spanish acronym) enacted Communication “A” 6869, lessening the foreign exchange market restrictions for multinational companies doing business in Argentina.
The Argentine Executive Power, by means of the Urgency and Necessity Decree No. 609/2009, established new foreign exchange regulations in Argentina controlling certain aspects of the inflows, outflows, purchase of foreign currency and other transactions as of 1 September 2019. These regulations have been complemented and extended by additional regulations issued by the Central Bank of the Argentine Republic (Banco Central de la República Argentina, or BCRA after its Spanish acronym).
It is our pleasure to announce that Mario Eduardo Castro Sammartino contributed with the Chapter on Argentina in the book International Agency and Distribution Law, 2nd Ed., published by Juris Publishing Inc.
Select posts by subject