As part of the regulatory framework related to the reinsurance business in Argentina, regulated by Resolution No 35.615 of the Superintendency of Insurance of Argentina (Superintendencia de Seguros de la Nación - "SSN"), effective Resolution SSN No 36.332 establishes the minimum requirements to be fulfilled by insurance companies intending to apply for an exemption so as to be authorized to execute certain reinsurance agreements duly specified with foreign reinsurance companies performing operat

Law No. 14,343 was published on Monday January 23, 2012 in the Official Bulletin of the Province of Buenos Aires.

On December 29, 2011, Law 26,737 establishing the Protection System of Argentine Title to or Possesion of Rural Land became effective.

On March 27, 2012, the Argentine Executive Branch filed a draft bill for amendment and unification of the Civil and Commercial Codes which was prepared by an amendment committee created for such purpose in 2011, composed of Messrs. Ricardo Lorenzetti, Elena Highton de Nolasco and Aida Kemelmajer de Carlucci.

Communication "A" 5274 issued by the Central Bank of the Argentine Republic ("BCRA") became effective on January 31, 2012. As a consequence thereof, some changes were made in the system in force for the purchase of foreign currency by Argentine residents in the Single Free Foreign Exchange Market, (Mercado Único Libre de Cambios, "MULC") to cancel debts from imports.

A new law has been enacted in the Province of Buenos Aires in connection with management of waste electrical and electronic equipment (hereinafter, "WEEE"). Law No. 14,321 was published in the Official Bulletin of the Province of Buenos Aires on December 15, 2011 (including certain notes established in the Enactment Decree No 2300/10) and became effective on December 23, 2011 (hereinafter, the "WEEE Law").

Brons & Salas in Buenos Aires, Carey in Santiago and Guyer & Regules in Montevideo have helped distilled spirits company Bacardi Martini sell its Chilean and Uruguayan subsidiaries.