This banking account allows certain qualifying entities to open bank accounts for investment purposes with simpler requirements.

This edition of Argentine Business Law Watch reports on a recently enacted federal tax regime designed to encourage Argentina’s burgeoning software industry.

The FTA created a Register of Tax Benefits on Tax on Credits and Debits in Bank Accounts in which bank accounts must be registered to benefit from applicable exemptions and reduced tax rates.

On March 15, 2007 the Argentine Supreme Court made another important decision ruling the validity of an emergency legislation passed after 2002 as a consequence of the last economic, financial and social crisis in the country.

The Argentine Securities Commission issued General Resolution No. 673, which incorporates and regulates the legal concept of the "market maker".

On June 3, the Central Bank of Argentina issued Communiqué "A" 5982 that provides the basic regulatory framework to allow financial institutions to offer immediate fund transfers through a new channel called "Mobile Payment Platform".

This issue of Argentine Business Law Watch looks at recent Central Bank rules affecting foreign financial institutions. Regulation (and Taxation) Through Representation? examines a significant shift in Central Bank policy toward the authorization of foreign financial institution representatives.

On April 16, 2004 a federal judge in the small, provincial town of San Rafael, Mendoza, loosed his sling and let fly a stone against the designs of two corporate giants.

Protectionist regulations, in effect during the 12 year Kirchner reign, are being repealed and new policies aiming for liberalization and integration into global markets are put in place.

The Argentine Central Bank amended regulations on the requirements for the purchase of external assets and the payment of services.

Under the Argentine Companies Law (the "ACL"), branches of foreign companies are deemed as not independent entities, being the parent company fully and unlimitedly responsible for all debts, losses and liabilities of its branch.

In recent months the Argentine Inspectorate of Corporations has continued to issue general and particular resolutions that affect companies incorporated and domiciled in the city of Buenos Aires. Other institutions have also issued resolutions that affect companies.

The lower court judge had rejected the lawsuit, in which the plaintiff claimed compensation for a dismissal without cause and the payment owed for sale commissions.

The Argentine Government has recently issued a set of non-mandatory corporate governance recommendations for companies that offer securities to the public to further improve the corporate governance legal framework.