The bill submitted by the Executive Branch to allow the payment of the sovereign debt in default held by bondholders who did not accept the exchange offers made in the debt restructurings of 2005 and 2010 has been approved by the Federal Congress and published on the Official Gazette on April 1st, 2016.
The Central Bank of the Republic of Argentina relaxed certain rules related to the inflow and outflow of foreign currency, including the possibility of receiving foreign currency funds in a bank account in Argentina with no need to convert such foreign currency into Argentine Pesos in the Foreign Exchange Market, among other relevant changes.
In order to enhance competitiveness and facilitate international trade, the Prior Import Sworn Statement was replaced by the Import Monitoring System.
For the eleventh consecutive year Marval, O’Farrell & Mairal has been named “IP Law Firm of the Year for Argentina” by Managing Intellectual Property, a leading publication in the field of Intellectual Property. The Managing IP Global Awards were presented on March 10, 2016 in London, at a ceremony attended by leading IP professionals from around the world.