Guarantee of the Legal Representatives of Foreign Companies – IGJ

On 02/23/2023, General Resolution No 5/2024 of the General Inspectorate of Justice (the “IGJ”) was issued, which resolves to modify Resolution No 2/2020 IGJ and its amendment, eliminating the obligation to establish a guarantee in favor of the legal representative of a company incorporated abroad under the terms of article 123 of the General Companies Law (“LGS”).