New Rules Issued by the Companies' Registry in Argentina Applicable to Foreign Companies

The Companies' Registry ("IGJ") issued General Resolution No. 2/2005 [*1] (the "Resolution"), which rules on certain issues related to:

(i) companies incorporated abroad ("Foreign Companies") with no powers and legal standing to act in their places of incorporation;

(ii) Foreign Companies incorporated in (a) low or zero tax countries or territories or (b) jurisdictions considered as "non-cooperative" in the fight against international crime and drug trafficking;

(iii) Cancellation of certain Foreign Companies;

(iv) Foreign Companies unable to conduct their activities in their pl...

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