Co-written by Pablo Germain
Originally published on 16 February, 2002
We have advised several clients doing business in the Province of Entre Ríos on recent legislation allowing the province to force acceptance of provincial treasury notes in cancellation of public and private debts. Because of the grave issues raised by the specter of Argentine provinces creating their own currency and forcing its acceptance on parties other than employees or providers of the government, we have prepared the following article outlining the issues and our response. We post this article to for informative purposes only and do not at this time have reason to anticipate that your interests in Entre Ríos will be necessarily affected by the new legislation.
