On February 14, 2024 the Argentine General Inspection of Justice (“IGJ”) published in the Official Gazette General Resolution IGJ 4/2024 (the “Resolution”) amending General Resolution IGJ No. 25/2020, which obliged country clubs and real estate complexes organized as a corporation or civil association to adapt their organization to the rules of the special horizontal real property law of the Argentine Civil and Commercial Code (“CCCN”).
The Resolution repeals the mandatory nature of the adaptation provided by Resolution No. 25/2020 and establishes that the procedure for the adaptation to horizontal property of article 2075 CCCN will be voluntary.
The Resolution repeals the restrictions for the registration of corporate acts emanating from the legal entities involved, and allows them to decide to change jurisdiction regardless of whether they have decided their functional adequacy, pursuant to art. 90 of General Resolution IGJ 7/2015.
