A PYMNTS Company

Argentina: Leniency laws passed after Lower Chamber approval

 |  October 25, 2016

Argentina’s Chamber of Deputies has passed, with 137 votes in favor, a proposal to modify the country’s Penal Code to introduce the concept of a “repentant” party in cases of corruption, contraband, antitrust and other similar crimes. The successful vote ratified a series of modifications to the original law made by the Senate.

The new law states that under no circumstances may the person seeking leniency use this law to avoid prison time. Applicants will also only be able to claim the benefits of this designation when the information provided involves a greater crime or sentence.

Argentina’s congressmen approved the motion, which had been revised by the Senate to clarify other limitations, such as the applicant only being able to present information related to their own case, and only up until such time as the case moves to trial.

Full Content: Prensa Latina

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.