Another step towards the Argentine access to OECD (Organization
for Economic Co-operation and Development).
Thanks to the enactment of the Corporate Criminal Liability Law,
Argentina is at the same position as other countries such as Chile,
Brazil, Colombia, Spain and France. Under this Law, legal persons
are bound to review their internal rules in order to determine
whether they comply with the statutory requirements. In addition,
as of the entry into force of the Law, Argentina complies with the
international agreements undertaken when it ratified the OECD
Anti-Bribery Convention.
On March 1st, 2018, Law No. 27401 entered into force
(the "Law"). This Law modifies the Argentine Criminal
Code ("ACC") and imposes criminal liability to private
legal persons, whose corporate capital is either national or
foreign, with or without state ownership.
