Argentine Economic Emergency Law 25,561

This is a summary of certain aspects of the Emergency Economic Law Nº 25,561, published in the Official Bulletin on January 7. The law will have a great impact on the Argentine economy as it deals with a large number of issues relating to the exchange rate, financial sector, public or utility services, private contracts, labour law, consumer protection and other areas. Certain implementing regulations relating to the emergency law have been already published, but some others are still pending issue by the Federal Executive Power (PEN) and the Central Bank (BCRA).