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Decision on competition matters
Decision on competition matters

Decision on competition matters

14 August 2000

On August 14, 2000 the Comisión de Defensa de la Competencia issued a decision that has finally clarified who must file the petition for approval of a merger or acquisition in Argentina.

Beccar Varela and Vieira de Almeida retained in Mercosur venture
Beccar Varela and Vieira de Almeida retained in Mercosur venture

Beccar Varela and Vieira de Almeida retained in Mercosur venture

01 August 2000

The two firms acted in the forging of a strategic alliance between Portugal Telecom, Unibanco and Banco Galicia announced on August 1, 2000.

New Financial Lease Law enacted on June 8, 2000
New Financial Lease Law enacted on June 8, 2000

New Financial Lease Law enacted on June 8, 2000

08 June 2000

The Law, approved by National Congress on May 10, 2000, (Law #25,248) replaces the former leasing system established by Chapter II of Law #24,441.

Labour Reform Law, number 25,250
Labour Reform Law, number 25,250

Labour Reform Law, number 25,250

02 June 2000

The new law, published in the Official Gazette on June 2, 2000 became effective on June 10 and according to analysts will generate more jobs.

Extraordinary tax evasion control executive order
Extraordinary tax evasion control executive order

Extraordinary tax evasion control executive order

01 June 2000

On June 1, 2000 the President issued an Extraordinary Executive Order (No. 434/2000) whose principal aim is to help the Federal Administration prevent tax and social security evasion.

Telefónica SA launches intenational share exchange offer - June 1, 2000
Telefónica SA launches intenational share exchange offer - June 1, 2000

Telefónica SA launches intenational share exchange offer - June 1, 2000

01 June 2000

The share swap plan, announced in January, involves an offering of a quarter of the companies' value and will consolidate Telefónica's presence in Latin America.

Banco Bisel acquires Banco Suquia
Banco Bisel acquires Banco Suquia

Banco Bisel acquires Banco Suquia

15 May 2000

The acquisition on May 15, 2000 leaves Banco Bisel SA and Banco Suquía SA as the largest regional bank group of the country.

Public offering of Telecom Argentina shares completed May 3, 2000
Public offering of Telecom Argentina shares completed May 3, 2000

Public offering of Telecom Argentina shares completed May 3, 2000

03 May 2000

May 3, 2000 saw the completion of a secondary offering of approximately 50 million shares of Telecom Argentina Stet France Télécom SA, aggregating approximately US$270 million, the largest Argentine equity transaction of the year in the capital markets.

Two out of five for Competition Regulator
Two out of five for Competition Regulator

Two out of five for Competition Regulator

01 May 2000

'Rating the Regulators' survey conducted by Global Competition Review finds pattern of dissatisfaction with the Comisión Nacional de Defensa de la Competencia across the six key areas surveyed.

Competition Comission approves supermarket acquisition
Competition Comission approves supermarket acquisition

Competition Comission approves supermarket acquisition

28 April 2000

On April 28 2000 the Comisión Nacional de Defensa de la Competencia approved, with a very minor condition, the acquisition of control by Logidis SAS (Promodes) of Supermercados Norte SA.