Hamburger
  • Restricted stock and RSUs

    Securities

    As long as:

    • The offer is not advertised or publicized
    • The stock is not traded in Argentina
    • The offer is limited to employees
    • The offer is intended to compensate employees and not to raise capital, no securities law requirements apply

    Foreign exchange

    There are no foreign exchange restrictions applicable to restricted stock or RSUs.

    Tax

    Employee

    The employee is taxed on restricted stock upon grant and on RSUs upon vesting (may include personal assets tax).

    The employee is subject to a flat tax of 15% on any net gain resulting from the sale of the shares by Argentine Tax residents, or, alternatively, 13.5% on the gross sale price by non-residents.

    Employer

    Withholding & reporting

    Tax withholding and reporting are required upon grant for restricted stock and upon vesting of RSUs.

    Deduction

    Argentine subsidiaries are allowed to deduct the amount reimbursed to the parent company for the cost of the benefits if a Reimbursement or Recharge Agreement is in place.

    Social insurance

    Social insurance contributions are generally payable by the employee and employer.

    Data protection

    Obtaining an employee's written consent for the processing and transfer of his or her personal data is the most common approach to comply with certain aspects of data protection requirements. The employer also is required to register any database that includes an employee's personal data with the Argentine privacy authorities.

    Labor

    Benefits received from restricted stock or RSUs may be considered part of the employment relationship and included in a severance payment if the awards are repeatedly granted to an employee. Upon involuntary termination of employment, an employee may be entitled to continued vesting and other rights with respect to his or her award. In order to reduce the risk of employee claims, the award agreement signed by an employee should provide, among other things, that vesting of restricted stock or RSUs ceases upon termination of employment, and that the plan and any awards under it are discretionary.

    Communications

    Although plan materials are not required to be translated into Spanish, it is recommended, to ensure that employees understand the terms of their awards. Award materials should be addressed to individual employees in order to avoid securities law requirements.

  • Stock options

    Securities

    As long as:

    • The offer is not advertised or publicized
    • The stock is not traded in Argentina
    • The offer is limited to employees
    • The offer is intended to compensate employees and not to raise capital, no securities law requirements apply

    Foreign exchange

    There are no foreign exchange restrictions applicable to option plans.

    Tax

    Employee

    The employee is taxed on the spread upon exercise (including personal assets tax, if applicable). 

    The employee is subject to a flat tax of 15% on any net gain resulting from the sale of the shares by Argentine Tax residents, or alternatively 13.5% on the gross sale price by non-residents.

    Employer

    Withholding & reporting

    Tax withholding and reporting are required upon exercise.

    Deduction

    Argentine subsidiaries are allowed to deduct the amount reimbursed to the parent company for the cost of the benefits if a Reimbursement or Recharge Agreement is in place.

    Social insurance

    Social insurance contributions are generally payable by the employee and employer when an option is exercised.

    Data protection

    Obtaining an employee's written consent for the processing and transfer of his or her personal data is the most common approach to comply with certain aspects of data protection requirements. The employer is also required to register any database that includes an employee's personal data with the Argentine privacy authorities.

    Labor

    Benefits received from an option may be considered part of the employment relationship and included in a severance payment if options are repeatedly granted to an employee. Upon involuntary termination of employment, an employee may be entitled to continued vesting and other rights with respect to his or her option. In order to reduce the risk of employee claims, the award agreement signed by an employee should provide, among other things, that vesting of an option ceases upon termination of employment, and that the plan and any awards under it are discretionary.

    Communications

    Although plan materials are not required to be translated into Spanish, it is recommended, to ensure that employees understand the terms of their awards. Award materials should be addressed to individual employees in order to avoid securities law requirements.

  • Stock purchase rights

    Securities

    As long as:

    • The offer is not advertised or publicized
    • The stock is not traded in Argentina
    • The offer is limited to employees
    • The offer is intended to compensate employees and not to raise capital, no securities law requirements apply

    Foreign exchange

    There are no foreign exchange restrictions applicable to stock purchase rights.

    Tax

    Employee

    The employee is taxed on the spread upon purchase.

    The employee is subject to a flat tax of 15% on any net gain resulting from the sale of the shares by Argentine Tax residents, or, alternatively, 13.5% on the gross sale price for non-residents.

    Employer

    Withholding & reporting

    Tax withholding and reporting are required upon purchase.

    Deduction

    Argentine subsidiaries are allowed to deduct the amount reimbursed to the parent company for the cost of the benefits if a Reimbursement or Recharge Agreement is in place.

    Social insurance

    Social insurance contributions are generally payable by the employee and employer when the shares are purchased.

    Data protection

    Obtaining an employee's written consent for the processing and transfer of his or her personal data is the most common approach to comply with certain aspects of data protection requirements. The employer also is required to register any database that includes an employee's personal data with the Argentine privacy authorities.

    Benefits received from a purchase right may be considered part of the employment relationship and included in a severance payment if purchase rights are repeatedly granted to an employee. Upon involuntary termination of employment, an employee may be entitled to continued participation in the plan. In order to reduce the risk of employee claims, the offer document signed by an employee should provide, among other things, that participation in the plan ceases upon termination of employment, and that the plan and any awards under it are discretionary.

    In light of restrictions on payroll deductions, alternative arrangements may be necessary for contributions to the plan.

    Labor

    Not applicable.

    Communications

    Although plan materials are not required to be translated into Spanish, it is recommended, to ensure that employees understand the terms of their awards. Award materials should be addressed to individual employees in order to avoid securities law requirements.

  • Key contacts
    Guillermo Cabanellas
    Guillermo Cabanellas
    Senior Partner DLA Piper (Argentina) [email protected] T +5411 41145500 View bio
    Augusto Nicolás Mancinelli
    Augusto Nicolás Mancinelli
    Of Counsel DLA Piper (Argentina) [email protected] T +5411 41145500 View bio
    Dean Fealk is the global contact for Global Equity.
    Dean Fealk is the global contact for Global Equity.
    [email protected] View bio

Key contacts

Argentina

Guillermo Cabanellas
Guillermo Cabanellas
Senior Partner DLA Piper (Argentina) [email protected] T +5411 41145500 View bio
Augusto Nicolás Mancinelli
Augusto Nicolás Mancinelli
Of Counsel DLA Piper (Argentina) [email protected] T +5411 41145500 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Australia

James Newnham
James Newnham
Partner DLA Piper Australia [email protected] T +61 3 9274 5346 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Austria

Stephan Nitzl
Stephan Nitzl
Partner DLA Piper Weiss-Tessbach Rechtsanwälte GmbH [email protected] T +43 1 531 78 1981 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Belgium

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio
Frederic Brasseur
Frederic Brasseur
Lead Lawyer DLA Piper UK LLP [email protected] T +32 (0) 2 500 1544 View bio

Brazil

Marcus Bitencourt
Marcus Bitencourt
Partner Campos Mello Advogados [email protected] T +55 21 3262 3008
Camila Caetano Cardoso
Camila Caetano Cardoso
Associate Campos Mello Advogados [email protected] T +55 21 2217 2047 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Canada

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio
Richard J. Nixon
Richard J. Nixon
Partner DLA Piper (Canada) LLP [email protected] T +1 416 365 3521 View bio
Allen Soltan
Allen Soltan
Partner DLA Piper (Canada) LLP [email protected] T +1 604 643 2970 View bio

Chile

Luis Parada
Luis Parada
Partner DLA Piper (Chile) [email protected] T +56 2 2798 2606 View bio
Iñaki Irisarri Aldunate
Iñaki Irisarri Aldunate
Associate DLA Piper (Chile) [email protected] T +562 2798 2636 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

China

Daniel Chan
Daniel Chan
Partner DLA Piper Hong Kong [email protected] T +852 2103 0821 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Colombia

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio
Juan Manuel de la Rosa
Juan Manuel de la Rosa
Partner DLA Piper Martinez Beltran [email protected] T +57 317 366 1933 View bio
Felipe Quintero Serrano
Felipe Quintero Serrano
Partner DLA Piper Martinez Beltran [email protected] T +57 317 441 4422 View bio

Czech Republic

Jakub Adam
Jakub Adam
Partner DLA Piper Prague LLP [email protected] T +420 222 817 400 View bio
Markéta Cibulková
Markéta Cibulková
Senior Associate DLA Piper Prague LLP [email protected] T +420 222 817 808 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Denmark

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio
Anders Kaasgaard
Anders Kaasgaard
Lawyer DLA Piper Denmark Law Firm P/S [email protected] T +45 33 34 02 46 View bio

Ecuador

Adriana Lasso P.
Adriana Lasso P.
Bustamante & Bustamante Law Firm
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Egypt

Tamer El Hennawy
Tamer El Hennawy
Matouk Bassiouny& Hennawy [email protected]
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Finland

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio
Jaakko Klemettilä
Jaakko Klemettilä
Counsel Asianajotoimisto DLA Piper Finland Oy [email protected] T +358 9 4176 0435 View bio
Antti Rajamäki
Antti Rajamäki
Partner DLA Piper Finland Attorneys Ltd. [email protected] T +358 9 4176 0409 View bio

France

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Germany

Dr. Konrad Rohde
Dr. Konrad Rohde
Partner DLA Piper UK LLP [email protected] T +49 69 271 33 340 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Greece

Konstantinos S. Issaias
Konstantinos S. Issaias
KYRIAKIDES GEORGOPOULOS Law Firm [email protected]
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Hong Kong

Anderson Lam
Anderson Lam
Partner DLA Piper Hong Kong [email protected] T +852 2103 0722 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Hungary

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

India

Sajai Singh
Sajai Singh
J. Sagar Associates (JSA) [email protected]
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Indonesia

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Ireland

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Israel

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio
Shachar Porat
Shachar Porat
Herzog Fox & Neeman [email protected]

Italy

Fabrizio Morelli
Fabrizio Morelli
Partner DLA Piper Studio Legale Tributario Associato [email protected] T +39 06 68 880 1 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Japan

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio
Masahiko Ishida
Masahiko Ishida
Head of Corporate, Japan DLA Piper Tokyo Partnership Gaikokuho Kyodojigyo Horitsu Jimusho [email protected] T +81 3 4550 2808 View bio

Malaysia

Mexico

Edgar Romo
Edgar Romo
Partner DLA Piper Gallastegui y Lozano [email protected] T +52 55 5261 1858 View bio
Abelardo Acosta
Abelardo Acosta
Law Clerk DLA Piper LLP (US) [email protected] T +1 858 677 1440
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Netherlands

Roderik Bouwman
Roderik Bouwman
Partner DLA Piper Nederland N.V. [email protected] T +31 (0)20 5419 894 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

New Zealand

David Johnston
David Johnston
Special Counsel DLA Piper New Zealand [email protected] T +64 9 300 3812 View bio

Norway

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Philippines

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Poland

Agnieszka Lechman-Filipiak
Agnieszka Lechman-Filipiak
Partner DLA Piper Giziński Kycia sp.k. [email protected] T +48 22 540 74 61 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Portugal

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio
Nuno Azevedo Neves
Nuno Azevedo Neves
Partner DLA Piper ABBC [email protected] T +351 21 358 36 20 View bio
Ana Isabel Vieira
Ana Isabel Vieira
Senior Associate DLA Piper ABBC [email protected] T +351 21 358 36 44 View bio

Russia

Ruslan Vasutin
Ruslan Vasutin
Partner DLA Piper Rus Limited [email protected] T +7 (812) 448 7200 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Saudi Arabia

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Singapore

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Slovak Republic

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio
Michaela Stessl
Michaela Stessl
Partner DLA Piper Weiss-Tessbach Rechtsanwälte GmbH, organizačná zložka [email protected] T +421 2 5920 2122 View bio

South Africa

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

South Korea

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Spain

María Alonso
María Alonso
Legal Director DLA Piper Spain S.L.U. [email protected] T +34 91 788 7315 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Sweden

Erik Björkeson
Erik Björkeson
Partner Advokatfirma DLA Piper Sweden KB [email protected] T +46 8 701 78 89 View bio
Dino Kalamujic
Dino Kalamujic
Senior Associate Advokatfirma DLA Piper Sweden KB [email protected] T +46 8 701 78 29 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Switzerland

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Taiwan

David Lu
David Lu
Managing Partner Alliance International Law Offices [email protected] T +(886)2 2597 4521
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Thailand

Timothy Tan
Timothy Tan
Partner DLA Piper (Thailand) Limited [email protected].com T +662 686 8550 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Turkey

Maral Anna Minasyan
Maral Anna Minasyan
Counsel Kolcuoğlu Demirkan Koçaklı Attorneys at Law [email protected] T +90 (212) 355 99 00
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

United Kingdom

Lynda Finan
Lynda Finan
Legal Director DLA Piper UK LLP [email protected] T +44 (0) 113 369 2439 View bio
Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Venezuela

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio

Vietnam

Dean Fealk is the global contact for Global Equity.
Dean Fealk is the global contact for Global Equity.
[email protected] View bio