Argentina (AR) — civil law.

Nothing on this page describes United States practice. There is no certificate sold to an investor, no administrative sale, and no post-sale redemption window in Argentina. If you arrived carrying US assumptions, read falsos-amigos first.

Seña y saldo de precio

Seña

The deposit the winning postor pays immediately on the fall of the hammer, into the `cuenta judicial` or as the conditions direct. The percentage is fixed in the court’s order for subasta, within the applicable procedural code.

Percentages vary by jurisdiction and by the nature of the asset, and are needs_verification here — the figures circulating informally for Argentine auctions are not consistent enough to state as a rule.

Saldo

The balance, payable within the period fixed in the conditions of sale, ordinarily following the `auto de aprobación` or as otherwise ordered.

Postor remiso

A winning bidder who fails to complete is a postor remiso. The consequences are serious and are the reason to have funds genuinely available before bidding:

• Loss of the seña;
• Liability for the difference where a re-auction fetches less;
• Liability for the costs of the re-auction.

Exact consequences are procedural and provincial; needs_verification.

Electronic auction

Where the act runs on a portal, the platform ordinarily requires registration and a guarantee or deposit in advance as a condition of being admitted to bid, which changes the funding timeline materially — money must be committed before the auction rather than at it. Requirements per platform: needs_verification. See index.

For a foreign bidder

Getting funds into the right account, in the right currency, in time, is the binding constraint far more often than the bid itself. See moneda-y-pago.