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

Marcos Almeida is a qualified Brazilian attorney who has more than seven years of experience in the insurance industry. In his native country, he received recognition from one of the largest private insurance company’s in Brazil as being one of the most productive team leaders. Prior to his migration to New Zealand Marcos was a partner in a law firm in Brazil. Marcos moved to New Zealand to undertake postgraduate studies in business management and obtained a Post Graduate Diploma in Applied Business prior to joining Southpac. He works as a Legal Executive at Southpac at its head office in New Zealand and has particular expertise in the LATAM market.
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