Since the change of Government in Argentina and the appointment of the new inspector in charge of the Inspection General of Justice (the “IGJ”), Daniel Roque Vítolo, some of the most severe and interventionist corporate regulations issued under the previous Directorate are gradually beginning to be revoked.
We are very proud to share that Cecilia Brazzola and her team achieved an important precedent in franchising for our client Café Martínez.
2022’s first resolution of the General Inspection of Justice (“IGJ”), General Resolution IGJ 1/2022 (the “Resolution”) sets at 30 years the maximum term of duration of corporations to be registered before the IGJ. We tell you more in this post.
The importance of Family Businesses in Argentina’s economy is indisputable.
On May 17, 2021, the General Inspectorate of Justice (“IGJ”) issued a new resolution (8/2021) (the “Resolution”) that severely restricts the possibility of registering foreign companies before IGJ under the terms of Section 123 of the Argentine Companies Law (i.e., for the purpose of participating in Argentine companies).
During last month, the General Inspectorate of Justice (hereinafter “IGJ”, as its acronym in Spanish) has issued certain Resolutions addressed to foundations and associations incorporated in the territory of Buenos Aires City.
During March, two sanctions for gross non-compliance with the DPA were imposed by the Access to Public Information Agency (DPA Control Authority).
Facing a possible scenario of renewal of stricter isolation measures, it is important to take into account the new horizons that 2020´s social isolation rules (known in Argentina as “ASPO”, after the acronym of “Social, Preventive and Mandatory Isolation”) left us to continue with the internal affairs of Corporations.
The General Inspection of Justice has resolved that as from March 20, 2021, Simplified Corporations must submit their financial statements virtually, through the TAD Platform.
Since the entry into force of the Entrepreneurial Capital Support Law (ECP Law) in 2017, Simplified Corporations (or “SAS”, after its acronym in Spanish) have become the mostly chosen corporate structure for innovating enterprises in Argentina, mainly due to its low regulation and reduced costs.