2017 Legislative News: Summary

Compliance and Anti-corruption

In November, Argentine Congress passed a law on corporate criminal liability. This norm was analyzed in “Corporate Criminal Liability Regime”,  “New law on corporate criminal liability and compliance programs for corruption cases”, “Corporate Criminal Liability and Compliance Programs for Corruption Cases”, and “Corporate Criminal Liability and Compliance Programs’ Bill”.

Labor & Employment

The labor reform is a significant initiative put forward by Argentine Executive Power in 2017. “Labor Reform: Bill Submitted to the Argentine Congress” and “Labor Reform: Amnesty and Moratorium” examine the changes made to the Government proposal  to achieve an agreement with the business chambers and the General Confederation of Labor (“CGT” after its acronym in Spanish). Incidentally, “Labor Reform in Brazil: Differences with Argentina” analyzes the most important changes brought about by the labor reform in Brazil. Modifications to the labor risk regime were addressed as well: “Modifications to the Labor Risk Regime”.

Public and Administrative Law

In 2017, the new regime of Public-Private Partnerships was regulated, and Marval News considered the regulation of different aspects of this regime: “Public-Private Partnership (PPP): Roads and Highways”, “Public-Private Partnership Contracts: Amendment of Regulations”, “New Bill on Trusts in Public-Private Partnership Contracts”, and “Regulations to the Public-Private Partnership Law”. The regime of Public-Private Partnership was approved in 2016 and had been addressed in the following articles: “Public-Private Partnership as a New Tool for Infrastructure Development in Argentina”, “The Senate Approves the New Legal Framework for Public-Private Partnership”, and “New Legal Framework for Public-Private Partnership”.

Energy and Natural Resources

In the area of energy, the call for bids on RenovAr 2 and the regulation of different aspects of the market were addressed in these Marval News articles: “Investments for Electric Energy Production: Advance VAT Refunds”, “RenovAr 2: Second Public Auction Process for ‘RenovAr Program’”, “Corporate Renewable Energy Power Purchase Agreements”, “Promotional Regime for the Use of Renewable Energy”, and “’RenovAr Program’ (Round 1) Public Auction Process Launched”.

Tax

One of the most important initiatives Argentine Government sent to the Congress in 2017 is a tax reform. Several of Marval’s experts considered aspects of the bill in the following articles: “Tax Reform: Federal Excise Taxes”, “Tax Reform: Taxation of the Indirect Disposal of Assets located in Argentina”, “Tax Reform: Amendment to the Criminal Tax Law”, “Tax Reform: Amendments to the Tax Procedure Law”, “Tax Reform: Main International Tax Aspects”, “Tax Reform: Federal Fuel Tax”, “Tax Reform: Taxation of Income from Financial Transactions”, “Tax Reform: Amendment to the Valued Added Tax Law – Digital Services”, and “Preliminary Bill of the Income Tax Law Reform: main changes”.

Capital Markets

On November 14, Argentine Executive Power sent to the Congress a bill to reform Law 26.631. This subject was analyzed in “Bill to Reform the Capital Markets Law”. Already in 2016, several aspects of this reform had been treated in “Bill to Amend the Capital Markets’ Law - Tax Aspects”, “Repos and Derivatives Transactions in the Capital Markets Reform Bill”, and “Bill to Reform the Capital Markets Law”.

Corporate / M&A

The Law to Encourage Entrepreneurship, passed in April 2017, and the regime of simplified corporations derived from it, were treated in several articles: “Amendment of Regulation Regarding Simplified Corporations”, “Tax Treatment of the Entrepreneurship Law”, “Obtention of Tax ID for Simplified Corporations”, “Regulation of Simplified Corporations”, “Support for Entrepreneurial Activity Law, Fiduciary Fund for Entrepreneurial Capital Development and Crowdfunding”, and  “Law to Encourage Entrepreneurship”.

2018 promises to be another  year with many legislative changes in Argentina. We hope you continue to accompany us keeping up- to- date with Argentine legal developments analyzed by the experts at Marval.