A ruling issued by the Civil Court of Appeals (i) held that the faculty granted by Section 765 of the Civil and Commercial Code, to cancel with Argentine pesos obligations agreed in foreign currency is not mandatory and therefore the parties may agree on something different, and (ii) validated the use of transactions known as “Blue-Chip Swap Transactions” to purchase foreign currency.
The Public Registry of Commerce of the City of Buenos Aires issued Resolution 7/2015, in order to adapt its regulations to the amendments introduced by Law No. 26,994 -the Argentine Civil and Commercial Code- to the now called General Corporations Law No. 19,550.
The Supreme Court of Justice recently ordered the Province of Santa Cruz to refrain from claiming payment of the tax and from seeking injunctive relief based on the Tax on Mining Real Estate Property.