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ARGENTINA: Expropriation rears up again

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President Alberto Fernandez yesterday, 8 June, announced the state takeover of the leading agro-export company Vicentin, the country’s sixth largest agricultural exporter. The takeover will last 60 days. However, an expropriation bill will be sent to Congress shortly with the aim of bringing Vicentin, which filed for bankruptcy in late-2019 amid financial problems that pre-date the Covid-19 crisis, under the management of the agricultural arm of state-run energy company Yacimientos Petroliferos Fiscales (YPF). Fernandez justified the takeover as an “exceptional” case and a “rescue
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