In January of this year, Mauricio Macri, the President of Argentina, and Horacio Rodríguez Larreta, the head of the government of the City of Buenos Aires, signed agreements to transfer national powers to the Autonomous City of Buenos Aires. This measure aims to advance the process of autonomy of the City of Buenos Aires following the constitutional reform of 1994.
One of the agreements provides for the progressive transfer of powers and functions of the Argentine Business Entities ‘Controlling Body (Inspección General de Justicia, “IGJ”) in all matters that are not federal or of national interest, to be exercised within the ambit of the City of Buenos Aires by the Public Registry Body.
In this regard, the State transfers to the City the “functions, powers, bodies, entities, personnel, services and goods, both material (movable and immovable) and immaterial (computer systems, monitoring and/or communication), agreements and contracts made by the IGJ for the development of functions and powers in all matters that are not federal or of national interest.”
It is worth mentioning that a special commission was created, composed of 11 legislators, whose purpose is the treatment, follow-up and integral analysis of the issues related to the agreement between the State and the Autonomous City of Buenos Aires of transference in all non-federal matters, specifically those that concern the transfer of the workers of the IGJ.
On 6 April 2017, the Legislature of the City of Buenos Aires approved the agreements signed between the State and the Autonomous City of Buenos Aires for the transfer of the IGJ. It must be ratified by the National Congress.