E-News No.45

E-News No.45

Bond for Costs is no longer required for Foreign Nationals by Ignacio Sanchez Echagüe (Marval, O’Farrell & Mairal – Argentina)

A new Argentine Civil and Commercial Code came into effect on August 1, 2015.

Among the many changes introduced by this Code, we would like to highlight the introduction of new regulations in the private international law field, including the principle of equal treatment of foreign nationals.

In this respect, foreign citizens and residents are granted free access to the Argentine courts to defend their rights and interests under the same conditions as those of Argentine citizens and residents (section 2610). Also, the new Code provides that no security for costs or deposit may be imposed on foreign nationals because of their nationality.

Consequently, foreign citizens and residents are no longer required to post a bond for costs.