Club Atlético Excursionistas s/ incidente de revisión promovido por Vitale, Oscar Sergio (National Commercial Court of Appeals, en banc, 28/06/2006)
Whether the stay on interest in reorganization proceedings applied to labor claims. Sitting en banc, the Commercial Court of Appeals examined whether the doctrine excluding labor claims from the general suspension-of-interest rule remained applicable.
«Club Atlético Excursionistas s/ incidente de revisión promovido por Vitale, Oscar Sergio»
What was at issue
Whether the stay on interest in reorganization proceedings applied to labor claims.
What was decided
Sitting en banc, the Commercial Court of Appeals examined whether the doctrine excluding labor claims from the general suspension-of-interest rule remained applicable.
- Sitting en banc, the Commercial Court of Appeals examined whether the doctrine excluding labor claims from the general suspension-of-interest rule remained applicable.
- The holding should be read in light of the legal interest protected in the area of interest on labor claims, not solely by reference to the documentary form of the act.
- Evidence of the specific facts and of their impact on corporate or creditor rights is decisive when applying the precedent’s doctrine to another case.
Citation: CNCom., en pleno, «Club Atlético Excursionistas s/ incidente de revisión promovido por Vitale, Oscar Sergio», 28/06/2006 — Jurisprudencia societaria y comercial
Practical application
It is an important historical case on labor claims in reorganization and on the later evolution of the LCQ.
Frequently asked questions
What is the main takeaway from the case?
Does the rule apply automatically today?
What should be proven in similar litigation?
Do you need advice on this matter?
The firm is headquartered in Buenos Aires, Argentina, and advises clients worldwide.
Contact the firm