Argentina (AR) — civil law.
Nothing on this page describes United States practice. There is no certificate sold to an investor, no administrative sale of land for unpaid tax, and no redemption window after a
subasta judicialin Argentina. If you arrived carrying US assumptions, read falsos-amigos first.
HSBC Bank Argentina S.A. c/ Martínez, Ramón Vicente s/ secuestro prendario
The Supreme Court’s leading decision on the art. 39 secuestro prendario — the
creditor’s summary seizure of a pledged vehicle, which is the gateway to the
extrajudicial sale of most repossessed cars in
Argentina. The Court did not declare art. 39 unconstitutional. It held that a chamber
cannot dismiss the consumer-law objection by pointing to the debtor’s consent, when that
consent is a pre-printed clause.
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