ANNOUNCEMENT 04 Feb 2013In February 2013, the government of Argentina announced altered domestic business conditions for foreign investors.
NUMBER OF INTERVENTIONS
Resolution 28/2013 (Sociedad Operadora de Emergencia Sociedad An?nima. Contrato de gerenciamiento. Conclusi?n), Argentinian Ministry of the Interior and Transports (February 4, 2013), published in the Official Journal of the Argentinian Republic (Boletin Oficial de la Republica Argentina, Numero 32.576, 5 de Febrero de 2013), page 19:
National Decree 566/2013 (Disp?nese la constituci?n de la sociedad 'Belgrano Cargas y Log?stica Sociedad An?nima'), National Executive Power (May 21, 2013), published in the Official Journal of the Argentinian Republic (Boletin Oficial de la Republica Argentina, Numero 32.644, 22 de Mayo de 2013), page 2:
On February 4, 2013, the Argentinian Minister of the Interior and Transports issued a resolution (Resolution 28/2013) revoking the contract held by Belgrano Cargas Sociedad Anónima (BCSA) for the operation of freight services on the Belgrano network. Since 2006, BCSA was run by the Sociedad Operadora de Emergencia (SOESA), a consortium made of an Argentinian railways trade union, Argentinian companies and a Chinese conglomerate Sanhe Hopeful Grain & Oil Group of China.
On May 21, 2013, the Argentinian President Cristina Fernández de Kirchner adopted a decree (National Decree No 566/2013) that created the state-owned company Belgrano Cargas y Logística Sociedad Anónima that took over the former private company BCSA.