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Argentine Unified Civil and Commercial Code: Corporate, Contract, Trust, Franchise, Lease, Arbitration, Governing Law and Jurisdiction, Currency Debt, Consumer and Limitation Reforms and Transitional Issues

Published on: 18 September 2015

Published by a LexisNexis Dispute Resolution expert
Legal News
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Article summary

What are the key changes being brought in by the CCC?

The CCC brings together Argentina’s essential civil and commercial rules, replacing the separate codes that had operated for more than 150 years. It intends to reflect the jurisprudence of the Argentine Supreme Court and significant contemporary currents in comparative law. The code reduces the combined bulk of the two former codes to 2,671 articles—from over 4,500—while also embracing areas that neither predecessor addressed.

It introduces substantial adjustments affecting civil society, with particular impact on family law, including:

  • Same-sex marriage
  • Concubine relationships
  • Matrimonial property regime
  • Adoption
  • Filiation stemming from assisted human reproduction techniques

This review centres on the principal changes the CCC makes to the rules that shape business activity and commercial relations in Argentina.

Single shareholder corporation

In company law, the CCC brings several changes to Argentine corporation law 19.550, among them doing away with the split between civil and commercial corporations. The principal innovation in the CCC is the...

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