The Office of Companies established gender quotas in the administration and supervision organs of certain legal entities
Through General Resolution 34/2020, published in the Official Gazette on August 5, 2020, the Office of Companies of the City of Buenos Aires (the "Office of Companies"), established the obligation to comply with female quotas in the administration and supervision organs of certain companies.
Remote execution of contracts
In situations in which face-to-face interaction for the execution of contracts is not legally and/or physically possible, as is currently the case during the "Social, Preventive and Mandatory Isolation", instruments using electronic means take on enormous significance, in order to avoid paralyzing trade and business activity.
In turn, while it is to be expected that restrictions on movement will soon disappear, this will not result in the end of the usefulness of these means, which may become convenient in the future when circumstances prevent physical proximity between the parties.
COVID-19 and its potential effect on contracts
The global health emergency resulting from the spread of the COVID-19 virus and its declaration as a pandemic by the World Health Organization may affect the possibility to materially comply with many contractual obligations in different sectors of the economy.
National Securities Commission issues new environmental-related rules
The National Securities Commission issued General Resolution No. 559 that requires companies registered in the public offering regime, whose corporate purpose includes activities considered risky for the environment, the duty to inform the fulfillment of certain obligations set forth by the environmental regulations.