The effect of the Civil and Commercial Codes, which have
been in force in Argentina for more than one and a half centuries,
appears to be coming to an end.
For more than eighty years there have been attempts to implement
a comprehensive reform encompassing in the main the Civil Code, and
in the latest drafts a unification of civil and commercial
obligations. But in practice in all these years only partial
legislative reforms have been implemented – which are
undoubtedly important to update legislation – that have,
however, maintained the original roots of both Codes, adopted in
the second half of the 19th century.
The latest attempt, lead by the Chairman of the Supreme Court of
Justice, Dr. Ricardo Lorenzetti, accompanied by more than one
hundred specialists and university professors, has resulted in the
preparation of a single body of rules regulating the principal
institutions of private law.
