Argentina: National Executive sends legal reform bill to Congress for promotion of industrial and commercial development

02 Jan 2024    1 minute read

In brief

On 27 December 2023, the National Executive Power (“National Executive”) sent to Congress the “Draft Law of Bases and Starting Points for the Freedom of Argentines” (“Draft Bill”), to be discussed in the extraordinary session convened by Decree No. 76/2023.

Contents

In depth

The Draft Bill declares a public emergency in economic, financial, fiscal, pension, security, defense, tariffs, energy, health, administrative and social matters until 31 December 2024, and delegates powers to the National Executive to “promote the initiative private” and “the development of industry and commerce.”

The Draft Bill, in its 664 articles and 6 annexes, proposes a broad reform in the following matters:

  • Administrative reorganization
  • Economic reorganization
  • Security and defense
  • Justice
  • Interior, environment, tourism and sports
  • Human capital
  • Public health
  • Infrastructure and associated services and activities

The Draft Bill also proposes ratifying the Decree of Necessity and Urgency No. 70/2023, of “Bases for the Reconstruction of the Argentine Economy”, to deregulate and promote economic activity.

We will send our additional comments as the Draft Bill progresses in Congress.

Contact Information
Guillermo Cervio
Partner
Buenos Aires
Read my Bio
guillermo.cervio@bakermckenzie.com

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