A recent ruling by the Commercial Court of Appeals in the case of González v. Pinto1 has reverberated throughout the business world. The ruling holds that a debtor may cancel a dollar- denominated obligation by paying a like sum in Argentine pesos at the official exchange rate plus 30%. The decision is noteworthy because that
On August 13, Argentina held its open primary elections (Elecciones Primarias Abiertas Simultáneas y Obligatorias or “PASO”). While the ostensible goal of the PASO is to narrow intra-party competition, its accessibility to all voters often serves as straw poll on overall popularity and, therefore, general election outcomes. The Political Fallout 69% of eligible voters participated.
Know Before They Go The global tendency of remote working combined with Argentina’s current economic distress make the City of Buenos Aires a tempting destination for those who can live distant from their employer. Clients frequently consult us on remote work arrangements and we thought this primer would be a useful first step toward understanding
Last July, the Chamber of Deputies approved in two rounds Constitutional Amendment Bill No. 45/19 (PEC), which proposes the long-awaited tax reform in Brazil, accompanied by a new tax structure. The PEC will now be forwarded to the Senate, where it will probably be voted on in the second half of this year, after the
The Ministry of Finance sent to the Brazilian Congress Bill No. 2.925/23, which is considered one of the most important amendments to the Corporation Law (Law No. 6.404 of December 15, 1976 – “Corporation Law”) of the last two decades. In addition to amending the Corporation Law, the bill also proposes amendments to Law 6.385/76,
While much of the world routinely attracts and retains talent through equity compensation, Argentina continues to struggle to bring its laws and judicial interpretations of them into the 21st century. Equity compensation is an umbrella term for stock grants, stock options, phantom shares, and other tools that reward loyalty and performance. This article takes a
