Cabinet Chief Jorge Capitanich responded to Argentine Industrial Union (UIA) criticism of the government-fueled bill to reform several consumptions laws, including the Supply law, saying it is a “high quality” project that aims to “enforce the Article 42 of the Constitution.”
“A law that aims to enforce Articule 42 of the National Constitution cannot be inconstitutional,” he said in reference to the UIA’s claims.
In his daily press briefing at the Government House, Capitanich highlighted the importance of a series of new bills drafted by the Executive to amend laws that protect consumers and regulate companies. “The [government’s] project involves amends to four laws: the Consumer Protection law, Commercial Loyalty law, Protection of Competition law, and Supply law,” he explained.
The kirchnerite official also underscored that the bill seeks to create a “regulatory framework for the price formation process designated to encourage equity in the value chain” and prevent “concentration, which distorts the price formation process”.
He said the creation of a “price watchdog” and a “consumer’s forum” will allow “immediate” conflict resolutions through “financial penalties under the principle of ‘pay now, claim later’. Capitanich explained that it aims to discourage companies of prefering long-term legal disputes as they do now.
Source; Buenos Aires Herald