New Law On Corporate Criminal Liability

The new Law on Corporate Criminal Liability for corruption offences is approved and now companies should take the appropriate measures in order to prevent and detect possible corruption crimes committed in their workplace

The National Congress finally approved the Law on Corporate Criminal Liability (the "Law") for corruption offenses.

Criminal offenses listed by the Law

Legal entities may be sanctioned for the following corruption offenses:

1. national and transnational bribery and influence peddling, (sections 258 and 258 bis Argentine Criminal Code – "ACC");
2. improper and unlawful transactions of public officials (section 265 ACC);
3. illegal exaction committed by a public official (section 268 ACC);