Argentina has experienced an important shift in its economic policy in less than a year, and it is already reaping the first rewards with an economic growth forecast for this year upwards 2% GDP, and close to 3% GDP for the next. In this scenario it is set the state travel headed by Mauricio Macri to Spain, with a clear objective of re-attracting the Spanish investment towards Argentina. Numbers begin to trend positively, we rely the legal framework remain stable to make it last.
In spite of the strong growth and employment generation of recent years, corporate restructuring continues; companies aim to improve their efficiency and competitiveness, adapting to technological and market changes, which requires a continuous transformation effort. The success of restructuring processes, according to our extensive experience in the field, requires a number of elements such as the following.
Articles of Association of a limited liability company may include provisions by which the first refusal right can be exercised at book value and not at the market value of the shares.
Practical criteria on the formalities that must be used in signing public deeds in which a signatory appears represented a third party using a power of attorney.
The Spanish economy is closing 2016 growing by 3.2% in terms of GDP to position itself regarding the Euro area in terms of economic growth, job creation and boost in exports. For 2017 we foresee GDP will grow 2.7%, thanks to the strength with which the year is commencing. Nonetheless, in a less favorable global context progress must be made on reforms; we must not return to those implemented in the last few years.