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
Unions in Argentina bear a strong presence and a significant political influence. They enjoy constitutional protection through Section 14 bis of the Federal Constitution guaranteeing their entering into collective labor agreements, resourcing to conciliation and arbitration, and calling strikes. Argentine has ratified the International Labor Organization´s Convention No. 87 on Freedom of Association and Protection of the Right to Organize.
The new regulation of trusts in Argentina set by the General Inspectorate of Justice (the IGJ) is another setback and advance by the regulator over the private sector in this new phase of the agency that began in 2020.
The transfer of business in Argentina, by any means, including the merger and acquisition of companies, cause that all labor obligations of the transferor will pass to the acquirer (Contract of Employment Law N° 20,744, Section 225).