Judge reverses Milei's decree turning BNA into a corporation

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Judge reverses Milei's decree turning BNA into a corporation

Argentine Federal Judge Alejo Ramos Padilla issued an injunction against President Javier Milei's decree paving the way for the conversion of the state-owned Banco de la Nación Argentina (BNA or just 'Banco Nación') into a joint stock company because such a measure needed Congressional approval given that the bank's creation and structure fall under legislative authority.

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Federal judge Alejo Ramos Padilla issued a precautionary measure and asked for details of the "public interest" that justifies the change.He asks the government "to refrain from any action aimed at its implementation."

la Nacion

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The federal judge of La Plata Alejo Ramos Padilla today issued a precautionary measure that curbed the transformation of Banco Nación into a public limited company. In addition, he asked the Government to inform the file of the public interest that justifies the decision taken. In his ruling, to which the Nation agreed, Ramos Padilla decided: “To provide as an interim precautionary measure the suspension of the effects of DNU 116/25 and to order…

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Federal judge Alejo Ramos Padilla ordered a precautionary measure against the privatization intentions of the government and urged it to "abstain from any action" aimed at the implementation of the decree. He recalled that the BNA was explicitly excluded from the list approved in the Bases Law.

nuevodiariodesalta.com.ar

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A federal judge issued a precautionary measure that prevents the conversion of Banco Nación into a public limited company, as it responds to a request for unconstitutionality. A federal judge decided to suspend the transformation of Banco Nación into a public limited company, a measure promoted by the Government within the framework of its economic reform plan. The judicial decision responds to a request for unconstitutionality and marks a signi…

Aporrea

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February 25, 2025.- A federal judge of the city of La Plata has issued a precautionary measure on Tuesday that blocks the order issued last week by the president of Argentina, Javier Milei, to transform the Bank of the Nation into a public limited company within the framework of the privatization campaign...