New extension to the suspension of foreign exchange and financial summary proceedings

Tuesday, April 14, 2020

The BCRA has extended once again the suspension term for foreign exchange and financial summary proceedings up to April 26, 2020.

The BCRA has extended once again the suspension term for foreign exchange and financial summary proceedings—up to April 26, 2020—within the terms of Law 19,359 on Foreign Exchange Criminal Regime and Law 21,526 on Financial Institutions, respectively, notwithstanding the validity of the proceedings carried out in such period, given the intervention of the defendant is unnecessary.

This decision has been adopted in line with Resolution 148/2020, which declares the term from April 13 to April 26 as non-business days.

The BCRA also authorized the SEFyC to assign priorities and order pertinent proceedings to be carried out on these dates.

Previously, Resolution 117/2020 had declared the term from March 16 to March 31 as non-business days, followed by an extension up to April 12 (Resolution 137/2020).

In addition, the BCRA has taken this decision in line with the measures adopted by the Executive Branch (Executive Order 355/2020) and the Supreme Court, which agreed on extending pending proceedings before all courts in the Judicial Branch.

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