Bankruptcies, reorganization proceedings and debt restructuring
When business is not sustainable
Castro Sammartino & Pierini is frequently retained by creditors in connection with bankruptcies and reorganization proceedings, submitting proof of debts, being in creditor’s committees, dealing with the acquisition of bankruptcy assets, foreclosure of mortgages, chattel mortgages, and other collaterals and related matters.
We also advise businesses with economic and financial difficulties on debt restructuring and out-of-court reorganization proceedings, finding ways to solve those issues so that you can get back to business.
In addition, we also cover other issues related to companies´ economic and financial difficulties, such as labor crisis prevention procedures, collective suspensions, and dismissals.
Castro Sammartino & Pierini with your company, to be better, always.
From our Legal Blog
New rules on the Simplified Corporation in Argentina: the General Inspectorate of Justice adds requirements and controls
Given the new rules on the Simplified Corporation in Argentina (Sociedad por Acciones Simplificada or SAS) issued by the General Inspectorate of Justice (the Inspección General de Justicia or IGJ), adding requirements and controls, we will mention below the modifications introduced.
COVID-19 has disrupted business all over the world and Argentina is not the exception, although perhaps more informed and prepared because the outbreak of the virus is reaching our country later than in Asia or Europe. Yet, the business impact is significant and has a wide range of legal projections, some of which we will briefly go through in this post.
Registration and good standing of foreign companies in Argentina: significative business activity and decision-making center outside the country
To register as foreign companies or keep their good standing, among other requirements, foreign companies in Argentina must show evidence that they carry out or keep a significant business activity and their decision-making center outside the country.