Changes in lease regulations and amendment of the Argentine Civil and Commercial Code
On June 30, 2020, the National Executive Branch (“PEN”) enacted Law No. 27.551 (the “Law”) which introduces changes in the regulation of residential leases and modifies the sections of the Argentine Civil and Commercial Code (“CCCN”) related to this matter.
Adaptation of real estate associations to the horizontal property regime
Through the General Resolution 25/2020 of the Office of Companies of the City of Buenos Aires (“Inspección General de Justicia” or “IGJ”), passed on May 20, 2020 (the “Resolution”), every Country Club and any other real estate association organized as an association under a corporate form (pursuant to section 3 of the General Companies Act) or as a non-profit association are notified to adapt their legal form to the horizontal property regime, pursuant to the provisions set forth in section 2,075, paragraph three of the Argentine Civil and Commercial Code (“CCCN”).