Buenos Aires Ban of Offshore Companies
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Following the 2004 República Cromagnon nightclub fire in Buenos Aires, Argentina, it was discovered that the club was owned by shell corporations. Ricardo Nissen, Inspector General of Justice for Buenos Aires, subsequently froze $20 million, and then banned offshore corporations from Buenos Aires that could not prove that they had real activity in the city. Such a ban is the first to be implemented world-wide.
Read more about this topic: Offshore Company
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