RIO DE JANEIRO, BRAZIL - The Argentinian Congress intends to pass a bill on the expropriation of companies for the benefit of their workers and employees.
A proposal to this end, drafted by the National Movement of Expropriated Companies (MNER), was submitted to Congress in mid-April.
The draft "Law on the Expropriation of Productive Units" provides for the expropriation and transfer to their workers of companies in default, which have been abandoned by their owners, are in the process of being wound up, or are about to close for other reasons.
Should the law be passed, the state could in . . .
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