Photo: By Roberto Fiadone – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=79834078
James Marrison, G3 Newswire
Email, LinkedIn, and more
The Administrative Court of Necochea has halted the auction of the Necochea Casino located on Argentina’s Atlantic coast at the last moment.
The ruling orders the process to be stopped until the merits of the case are resolved and suspends the ordinance that authorized the auction scheduled for February 11.
The judge argued that key steps were not followed before proceeding with the sale of the property, including the involvement of the Preservation Commission and the completion of an environmental impact assessment, given that the property is located within Miguel Lillo Park.
In addition the judicial decision called into question the haste with which the transaction was attempted and raises doubts about the technical soundness of the case file.