Intervention: countersecurity (art. 116 LGS)
The applicant must provide security in an amount set by the court in light of the circumstances, potential harm to the company and litigation costs.
What article 116
Article 116 requires countersecurity from the party seeking judicial intervention.
The applicant shall provide such countersecurity as is fixed, taking into account the circumstances of the case, the harm that the measure may cause to the company and litigation costs.
Source: Law 19,550, art. 116 — InfoLEG (updated official text)
Commentary
Countersecurity balances the severity of the remedy: it protects the company against losses from an unjustified intervention without eliminating precautionary protection when the danger is real.
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