Co-written by Patricio Nattero
Originally published on 15 February, 2002
At the beginning of this month (see Argentine Business Law Watch, "Argentine Congress Amends Bankruptcy Code", published February 1, 2002), we reported on the enactment of the Emergency Business and Production Act (Ley de Emergencia Productiva y Crediticia, Law No. 25,563, the "Act"). The Act included several significant amendments to Law No. 24,522 (Ley de Concursos y Quiebras, the "Bankruptcy Code"). At the time of publication, we anticipated the possibility of a line-item presidential veto of the Act and, indeed, today the executive branch issued Decree 318/2002 to accomplish just that. This update reports on the veto and restates the relevant provisions of the Act, as amended. Decree 318 can be found at http://infoleg.mecon.gov.ar/normas/72340.htm
