Process Of Restructuring Of Securities Public.

Original Language Title: Proceso de reestructuración de títulos públicos.

Read the untranslated law here: https://www.boletinoficial.gob.ar/#!DetalleNorma/10339563/20160703

DEBT public debt publishes Law 26.886 restructuring process of Government securities. Sanctioned: September 11 of 2013 enacted: September 20 of 2013 the Senate and Chamber of deputies of the nation Argentina gathered in Congress, etc. they attest to the force of law: article 1 ° - empower the national executive power, through the Ministry of economy and finance, to perform all acts necessary for the conclusion of the restructuring process of the securities that were eligible for the redemption provisions of Decree No. 1735 of December 9, 2004 and its complementary rules which had not been submitted to it or to swap arranged by the Decree No. 563 of date 26 of April 2010, in accordance with article 65 of the law 24.156 of financial management and Control systems of the National Public Sector and its modifications, in order to adapt the services of this debt to the possibilities of payment of the national State in the medium and long term.
Article 2 °-them terms and conditions financial that is offer not may be best that them offered to the creditors in the restructuring of debt arranged by the Decree No. 563 / 10.
Article 3 ° - exceptions made to the public debt securities that are issued as a result of the provisions of this Act, the provisions of articles 7 and 10 of law 23.928 and its amendments, correspond.
Article 4 ° - the holders of securities that were eligible for redemption provisions of Decree No. 1735/04 and its complementary norms that wish to participate in any operation of restructuring carried out in the framework of the provisions of the present law, shall renounce all rights which they are entitled under the related titles, including to those rights that had been recognized by any judicial or administrative ruling , an arbitration award or decision of any authority, and waive and release the Argentina Republic of any action judicial, administrative, arbitration or any other type, initiated or which may start in the future in relation to such titles or the Republic Argentina obligations arising from them, including any action aimed at perceived capital services or interests of such securities. Prohibited holders of public debt which had initiated judicial, administrative, arbitration or any other proceedings offer a more favourable treatment than those who had not done so.

https://www.boletinoficial.gob.ar/pdf/linkQR/WmJ5TkJEVkladnBycmZ0RFhoUThyQT09 article 5 ° - the Ministry of economy and finance will report quarterly to the Honourable National Congress in the present results.
Article 6 ° - national State bonds eligible according to the provisions by the Decree No. 1735/04, deposited by any cause or title to order from courts of any instance, competence and jurisdiction, whose holders had not acceded to the swap arranged by the abovementioned decree or provisions by Decree No. 563/10, or not had expressed , in the form expressed, in the respective proceedings, their willingness not to adhere to them, will be replaced, full-fledged, by the "bonds of the Argentina Republic to Par in weights Step Up 2038 ', on the conditions laid down for the allocation, settlement and issuance of such bonds by Decree No. 1735/04 and its complementary norms. Empower the Ministry of economy and finance to dictate the complementary norms that are necessary to implement the replacement provisions of this article.
Article 7 ° - suspend the validity of articles 2 °, 3 ° and 4 ° of the Law 26.017 until the National Congress declare completed the process of restructuring of the Government securities achieved by the aforementioned standards.
Article 8 ° - this law will take effect the day of its publication in the Official Gazette.
Article 9 ° - contact the national executive power.
GIVEN IN THE CHAMBER OF THE CONGRESO ARGENTINO, BUENOS AIRES, ELEVEN DAYS AFTER THE MONTH OF SEPTEMBER IN THE YEAR TWO THOUSAND THIRTEEN.
-REGISTERED UNDER THE NO. 26.886 - AMADO BOUDOU. -JULIAN A. DOMINGUEZ. -Gervasio Bozzano. -John H. Estrada.

Date of publication: 23/09/2013 https://www.boletinoficial.gob.ar/pdf/linkQR/WmJ5TkJEVkladnBycmZ0RFhoUThyQT09