Argentine Court Provisionally Suspends Bankruptcy of Argentina’s Postal Service Company

The court that had declared the bankruptcy of Correo Argentino SA, belonging to the family of ex-Argentine president Mauricio Macri (2015-2019), decided to provisionally suspend proceedings on Wednesday, after the company appealed the measure, the Rio Times reported. The ruling was issued by Commercial Court 6, headed by Judge Marta Cirulli who granted the appeal filed by Correo Argentino SA and and granted "suspensive force" of all proceedings arising from the bankruptcy. In the ruling Judge Cirulli stated that she was "forced" to "comply" with a previous decision of the National Court of Appeals in Commercial Matters. Read more.