The Argentine Government has enacted exchange controls and other measures during the first semester of 2012, which have raised concern in the international business community. These measures should be understood within the framework of (i) a much larger transformation of the Argentine economy and (ii) short term Government fiscal targets.
The Argentinean legal market is significantly larger than most in
South America and, as such, features a large pool of firms that handle
corporate and financial matters. There are a number of large branches of
international firms in the country in addition to the many local firms
that do transactional work....
CONTEXT AND TRENDS
It is nearly impossible to address any aspect of the Argentinean economy, legal market, or social landscape in recent months without first talking about the government nationalisation of the country's largest oil company YPF. The country's Congress and its president, Cristina Fernández de Kirchner, both approved the expropriation of majority control in YPF from the Spanish oil conglomerate Repsol in May 2012....