Announcement
09 Jun 2020
In June 2020, the authorities of Argentina adopted a new regulation expropriating the American company Vicentin for an initial period of 60 days to avoid the default of the company. The decision was based on the argument of "food sovereignty" and was triggered by the economic pressure set by the COVID-19 outbreak on Argentina's finances.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
0 in force
Implementation date
09 Jun 2020
Revocation date:
No revocation date
FDI: Treatment and operations, nes
On 9 June 2020, the Executive of Argentina adopted Decree 522/2020 taking over VICENTIN S.A.I.C., one of Argentina's largest agrifood companies with a majority owned by GLENCORE, an American company. ...
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