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Casación Confirms Seizure of 111 Assets Linked to Cristina Kirchner and Lázaro Báez

The ruling allows immediate execution to recover about 685 billion pesos while leaving only a direct complaint to the Supreme Court that does not suspend the seizures.

Overview

  • The Casación Federal Sala IV rejected extraordinary appeals and upheld the execution of 111 properties and assets tied to the Vialidad case, a ruling issued on Thursday that enables the seizure process to move forward.
  • The asset list totals about ARS 684,990,350,139.86 and includes the Los Sauces hotel complex, multiple lots in El Calafate and departments in Mitre 535 in Río Gallegos.
  • Eighty properties are listed under Lázaro Báez, one under Cristina Fernández de Kirchner personally, and 19 registered to Máximo and Florencia Kirchner, with additional corporate assets tied to Báez noted for possible execution.
  • Judge Mariano Borinsky filed a partial dissent seeking further review of specific assets he says may predate the tribunal’s temporal cutoff, but the majority found the trial court’s timing and fungibility analysis adequate.
  • With the Casación decision firm, the only remaining legal option is a direct complaint to the Supreme Court, a filing that does not automatically stay seizure and therefore does not halt execution of the assets.