The Argentine government has unveiled a plan to take over a troubled grains company during the COVID-19 emergency in a move that lawyers and critics say shows a concerning overreach of legal powers—one that could discourage investment in Argentina at a time of dire need.
The executive branch issued a decree June 9 stating that the federal government would intervene to oversee Vicentin, Argentina’s top soybean processor, for 60 days in an effort to keep the company running and save jobs while it seeks congressional approval for a state takeover.
