Friday, August 15, 2014

Argentina/US: Buenos Aires Applies 2011 Anti-Terror Law Against RR Donnelly

According to Reuters, Argentina's government will use its 2011 anti-terrorism law for the first time to seek criminal charges against a US-based international printing firm, RR Donnelly, which closed its Argentine plant without warning, the president said on Thursday (August 14).

Several hundred workers were left jobless when RR Donnelly abruptly filed for bankruptcy and shut down its printing presses on the outskirts of Buenos Aires. 

COMMENT: In applying its 2011 anti-terror law to the now-defunct RR Donnelly, Washington is unlikely to ignore political retaliation on an issue completely unrelated to its squabble with the US Supreme Court:

"We are facing a real case of fraudulent behavior and an attempt to intimidate the population," President Cristina Fernández said in a speech at Government House, in applying its anti-terror law. 

There was no immediate reaction from the company on its website.

Fernández said the printing firm had ties to foreign investors whose decade-long debt battle against Argentina in the US courts led Argentina to default on its debt last month for the second time in 12 years.