The new Uruguayan Securities Act, N° 18.627 (“Act”), was published in the Uruguayan Gazette on December 16, 2009 and expressly stroke down the former Securities Act (16.749) of 1996 which, when was passed, had improved the Uruguayan securities market as a complement of the General Corporation Act (16.060), mainly in terms of issuance of bonds by openly-held corporations and book-entry securities. (more…)
On 01.26.10, In CG Updates, By Hector Ferreira
On 10.27.09, In CG key issues, By Hector Ferreira
(I) Introduction
The term “corporate governance” has been typically described, in the world, as a set of rules and proceedings approved in order to enhance the efficiency of companies by better controlling administration and management. Within its scope, are embraced not only factors connected with the activity of corporate officers but also the ones involving shareholders. (more…)
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