ANNOUNCEMENT 21 Feb 2011In February 2011, the government of Argentina announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Official Gazette. (2011). Resolution 35.615 (2011). Issue 32096, available at http://www.boletinoficial.gov.ar
Summary in English is available at http://www.ciab.com/WorkArea/DownloadAsset.aspx?id=1928
On 21 February 2011, the Argentine insurance regulator tightened the rules under which foreign firms may operate in the domestic reinsurance market.
Under the new regulation, foreign-owned firms are requiered to establish a local subsidiary that is subject to Argentine law with a capital of at least AR 20M (approximately $5M)