Buenos Aires Ban of Offshore Companies
| An editor has expressed a concern that this article lends undue weight to certain ideas, incidents, controversies or matters relative to the article subject as a whole. Please help to create a more balanced presentation. Discuss and resolve this issue before removing this message. |
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
Famous quotes containing the words ban and/or companies:
“It’s red hot, mate. I hate to think of this sort of book getting in the wrong hands. As soon as I’ve finished this, I shall recommend they ban it.”
—Tony Hancock (1924–1968)
“Socialite women meet socialite men and mate and breed socialite children so that we can fund small opera companies and ballet troupes because there is no government subsidy.”
—Sugar Rautbord, U.S. socialite fund-raiser and self-described “trash” novelist. As quoted in The Great Divide, book 2, section 7, by Studs Terkel (1988)