Draft Bill To Establish Corporate Criminal Liability In Argentina

During the recent opening of the ordinary sessions of the National Congress, President Macri promised substantial amendments to criminal legislation, in particular the draft bill introduced to Congress in October 2016, that establishes corporate criminal liability on corruption crimes (the Draft Bill).

The Draft Bill establishes penalties for legal entities who have participated in any offense against the public administration and/or transnational corruption. Thus, the Draft Bill would finally adapt our legal system to the international standards.

Furthermore, the Draft Bill intends to prevent cases of corruption and accelerate the existing investigations on corruption offenses, in order to improve effectiveness of punishment to those responsible for such offenses.