New Law On Corporate Criminal Liability Approved

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);
4. illicit enrichment of public officials and employees (section 268, subsections 1 and 2 ACC); and
5. false balance sheets and reports (section 300 bis ACC).

Criminal Liability of the Company