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
Entrepreneurs in Argentina: tax benefits for investors
The recently enacted Law Number 27,349 on Support for Entrepreneurial Activities (Ley de Apoyo al Capital Emprendedor or LACE) is aimed to provide a legal framework to foster and fund entrepreneurship in Argentina. The LACE has established special tax benefits for investors, a crowd funding system and the Simplified Corporation as a new company type . All in all, the LACE will enhance the venture capital industry in Argentina, providing the myriad of high-skill entrepreneurs the country has with their most scarce resource up to know: funding. Following, we will summarize the tax benefits created to benefit those investing in entrepreneurs in Argentina
Simplified Corporations in Argentina: a new and streamlined legal vehicle to do business
On April 22, 2017, it was published in the National Official Gazette Law Number 27,349 on Support for Entrepreneurial Activities (Ley de Apoyo al Capital Emprendedor or LACE). Outstanding among its different provisions is the introduction of a new company type: the Simplified Corporation, also known as Simplified Joint Stock Company or Simplified Shares Company (Sociedad por Acciones Simplificada or SAS by its Spanish acronym).
Security interests in Argentina and other legal tools to enforce collection of debts. A brief for foreign lenders
Security interests in Argentina may be structured through different agreements according to the nature of the assets included as collaterals.
The Civil and Commercial Code of the Nation (Código Civil y Comercial de la Nación or CCCN) makes a distinction between personal or movable property and real property or real estate (Articles Number 225 and following).
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