Wifredo Ferrer is a Partner for Holland &
Knight's
Miami office.
Marcelo Ovejero is an Associate for Holland &
Knight's
Miami office.
A more robust anti-corruption culture is taking hold in Latin
America. In line with this trend, the National Congress of
Argentina just last week passed a bill creating a criminal
liability regime for legal entities. As the bill awaits to be
signed into law by President Mauricio Macri, companies doing
business in Argentina need to start analyzing how to adjust their
compliance efforts to the requirements of the new legal regime.
With the adoption of this statute, Argentina joins other nations
(including the U.S.) in their efforts to combat corruption on a
global scale. More importantly, the South American nation will now
be in compliance with obligations it assumed under the OECD
Convention on Combating Bribery of Foreign Public Officials in
International Business Transactions, which requires signatories to
"take such measures
