October 30, 2019 Marcos Almeida

THE ARGENTINE ELECTIONS AND THE RISK TO THE ASSETS OF ITS RESIDENTS – HOW TO PROTECT THEM

BY MARCOS ALMEIDA

Sunday’s elections in Argentina (October 27) opened the country’s doors for the return of Kirchnerism. Peronist Fernandez will assume the presidency on December 10.

Country Risk rose more than 5% after the elections and was above 2,200 basis points.

At this point, we must ask whether the brand-new president-elect will strengthen his existing ties with Evo Morales (Bolivia) and Nicolás Maduro (Venezuela) at the risk of isolating Argentina from the world, or try to leave behind the verbiage of the campaign to build productive and stable relations with Brazil, Uruguay, Chile and the United States.

An imminent problem for Argentines is the risk of devaluation of their assets and property, as happened recently in Venezuela. Argentine families must take alarming measures to ensure the protection and succession of heritage, free from recent government threats.

Argentines, contact Southpac if you would like more information on how to protect your assets from government and economic risk by establishing a trust in New Zealand. To be effective, action must be taken in advance.

Marcos Almeida

With over 11 years of experience as a lawyer and 16 years of experience working in the legal industry, Marcos is responsible for managing Southpac’s legal team. He joined the company in July 2018 after obtaining a Post-Graduate Diploma in Applied Business in New Zealand. In 2021, Marcos acquired a TEP (Trust and Estate Practitioner) designation from STEP (Society of Trust and Estate Practitioners) upon obtaining a STEP Diploma in International Trust Management. Marcos is an awarded legal manager for the largest bank in Latin America – Itaú Unibanco Holding SA. His achievements as a lawyer led him to become the managing director and shareholder of his law firm in Brazil before moving to New Zealand in 2017. Marcos provides excellent services leading, training and developing lawyers and paralegals employed by Southpac and helping clients with direct contact with attorneys, banks and investment advisors worldwide.
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