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Syndicated Term Facility executed locally by M&M Bomchil and Bruchou, Fernández Madero
Syndicated Term Facility executed locally by M&M Bomchil and Bruchou, Fernández Madero

Syndicated Term Facility executed locally by M&M Bomchil and Bruchou, Fernández Madero

17 September 2000

The final US$25 million was lent to Central Termoeléctrica on September 21, with the yen equivalent of US$70 million having been lent to Central Costanera two months earlier.

New legal framework for tender offers
New legal framework for tender offers

New legal framework for tender offers

07 September 2000

In the last three months the National Securities Commission (Comisión Nacional de Valores - CNV), the body in charge of the supervision of the capital market in Argentina, issued two resolutions by means of which the regulatory regime for tender offers was modified.

New rules for competition
New rules for competition

New rules for competition

03 September 2000

On September 3 a decree was passed that will open up land line telephony services in Argentina to competition on November 9, 2000.

Repsol YPF retains Severgnini, Robiola, Grinberg & Larrechea
Repsol YPF retains Severgnini, Robiola, Grinberg & Larrechea

Repsol YPF retains Severgnini, Robiola, Grinberg & Larrechea

30 August 2000

The Spanish oil and gas company retained the Buenos Aires-based law firm in its global exchange offer with Argentine energy firm Astra Companía Argentina de Petroleo SA that concluded on August 30, 2000.

White & Case LLP advises in share swap offer
White & Case LLP advises in share swap offer

White & Case LLP advises in share swap offer

24 August 2000

The exchange of Banco de Galicia y Buenos Aires SA shares for those of Grupo Financiero Galicia SA (Grupo Galicia) closed on July 24, 2000.

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.