Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


One of the ships operated by Alpesca. (Photo: Stockfile)

Justice investigates alleged 'stripping' of Alpesca

Click on the flag for more information about Argentina ARGENTINA
Monday, November 26, 2012, 04:00 (GMT + 9)

The Office of Puerto Madryn, Province of Chubut, will investigate whether there were suspicious maneuvers that may have facilitated the alleged asset stripping of the firm Alpesca, which is the largest fish processing company in the Patagonian town.

The complaint was transferred from the Attorney General in Rawson and it is a shorthand version of the legislative session in which the provincial deputy Jerónimo García reported on a series of alleged irregularities to de-capitalize the company.

This de-capitalization could have been performed by payments made to firms in Mar del Plata, whose main shareholders would be the same as those of Alpesca, or by selling boats to these groups, Diario Jornada reported.

The chief prosecutor, Daniel Báez, said that "what we must analyze is the documentation itself to see if the sale complies with the precautions required by law."

"It is a presentation in which from the Legislature we are forwarded the stenographic record of Garcia´s statements. It was approved in legislation and it is sent to the Attorney. From there, due to a jurisdictional issue, it is re-sent to Madryn," the lawyer explained.

The document describes "the sale of two ships" and mentions "two lawyers from the area." The companies involved would belong to the same owners as those of Alpesca.

"The legal definition that exists in the Argentinean legislation, when we speak of asset stripping, is a detriment to the company itself," stated Baez.

The chief prosecutor said that at present these are all assumptions. However, he stressed: "But if a company has vessels among its capital and these boats disappear from the assets of the business, stripping is a hypothesis that should be investigated."

The fishing entrepreneur Omar Segundo is primarily interested in acquiring the firm, but first he needs about ARS 15 million (USD 3.1 million) to settle the purchase of Alpesca.

Meanwhile, Governor Martin Buzzi cautiously expressed that "the only way in which any participant can get a loan is to have real guarantees and the business operation is performed through the Bank of Chubut."

During the legislative session in which Garcia denounced the alleged irregularities, it was stressed: "We must remember that the boats own the quotas, thereby the fishing capacity is also transferred. Alpesca is worthwhile because it had 21,000 million tonnes of fishing capacity."

"But those who are selling and buying are the two lawyers who work in the same law firm, share the same law firm and this generates some kind of suspicion."

Related article:

- Alpesca agrees with unions on not firing workers

By Analia Murias
editorial@fis.com
www.fis.com

 


 Print


Click to know how to advertise in FIS
MORE NEWS
South Korea
Dec 22, 03:40 (GMT + 9):
New TLC favours entry of Vietnamese seafood products
Ecuador
Dec 22, 02:30 (GMT + 9):
Shrimp leads non-oil exports for the first time
Latvia
Dec 22, 01:40 (GMT + 9):
EU funds expected to help treble Latvian aquaculture production
Mexico
Dec 22, 00:40 (GMT + 9):
Biotechnology to farm sea cucumber and yellowtail snapper under development
United States
Dec 20, 02:00 (GMT + 9):
IN BRIEF - WSU report says water plan overvalues fish recovery
India
Dec 20, 02:00 (GMT + 9):
IN BRIEF - Vijayawada to be country’s fish capital
United States
Dec 20, 01:50 (GMT + 9):
IN BRIEF - EPA to step in on fish consumption water rules
Australia
Dec 20, 01:50 (GMT + 9):
IN BRIEF - Seafood country-of-origin labelling may be extended to fish and chip shops
New Zealand
Dec 20, 01:50 (GMT + 9):
IN BRIEF - Finfish Farming Plan Goes Belly Up
United Kingdom
Dec 20, 01:50 (GMT + 9):
IN BRIEF - New record for deepest fish
European Union
Dec 20, 01:50 (GMT + 9):
IN BRIEF - Call for fisheries experts for the Joint Scientific Committees within Sustainable Fisheries Agreements
Australia
Dec 20, 01:50 (GMT + 9):
IN BRIEF - Demand for trout increases as people choose fish over ham this Christmas
Australia
Dec 20, 01:50 (GMT + 9):
IN BRIEF - Barramundi: calls to restrict the name to Australian fish
Thailand
Dec 19, 23:50 (GMT + 9):
Better prospects for Thai shrimp in 2015
Chile
Dec 19, 23:40 (GMT + 9):
25 tonnes of illegal hake seized in less than a week



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Arctic warming poses new challenges to fishing
United States Arctic warming is deeply affecting the top of the planet and some of the biggest changes represent a challenge for fisheries in the north.
EUR 800,000 granted to fleet operating in Mauritania
Spain The Ministry of Agriculture, Food and Environment will grant an aid to shipowners of Spanish fishing vessels affected by the suspension of the agreement between the EU and Mauritania.
Lower lobster capture would mean returning to 'typical years'
United States Apparently, the Maine’s 2014 lobster fishing season will result in lower catches compared to the two previous years, which increases the likelihood of rise in market prices.
Spain achieves its aims in TAC negotiations for 2015
Spain For next year Spain has managed to be granted a "record" quota of northern hake, one of the species of high interest for the Spanish fleet, and significant increases for other fisheries.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Pescanova, S.A. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Limited
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel ehf - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
Food Project (Siam) Co., Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Grupo Calvo - Luis Calvo Sanz, S.A. (Group Headquarter)
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. -Headquarter-
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  -Holding Headquarter-
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
Ocean Trawlers Group - Ocean Trawlers HK Ltd.
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2014 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER