Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 492

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 492
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 court is a court of competent jurisdiction), and must not be in respect of taxes or a fine or penalty, inconsistent with a Cayman Islands judgment in respect of the same matter, impeachable on the grounds of fraud or obtained in a manner, and or be of a kind the enforcement of which is, contrary to natural justice or the public policy of the Cayman Islands. Furthermore, it is uncertain that Cayman Islands courts would enforce: (1) judgments of U.S. courts obtained in actions against us or other persons that are predicated upon the civil liability provisions of the U.S. federal securities laws; or (2) original actions brought against us or other persons predicated upon the Securities Act. Ogier has informed us that there is uncertainty with regard to Cayman Islands law relating to whether a judgment obtained from the U.S. courts under civil liability provisions of the securities laws will be determined by the courts of the Cayman Islands as penal, punitive in nature. A Cayman Islands Court may stay enforcement proceedings if concurrent proceedings are being brought elsewhere. 266 Enforceability of Civil Liabilities in Argentina The Company is a unipersonal corporation ( sociedad anónima unipersonal, or SAU) incorporated under the laws of Argentina. The advantages of a unipersonal corporation include the ability to clearly establish sole ownership of a company, avoiding the need for “apparent partners,” “frontmen,” or “family members,” which can often lead to complications. Additionally, the SAU structure limits business risks for each unit of operation, as the commercial, labor, and tax obligations of the company, as well as its bankruptcy, do not transfer to the sole shareholder, provided that all legal requirements are met in form and substance. There is also no limit to the number of SAUs that a natural or legal person can establish. In terms of costs, if the shareholder is the sole director and the company’s accountant also serves as the statutory auditor, there is no significant increase in fees. While the law requires “permanent state supervision” (article 299, section 7 of the Argentine General Corporate Law), as long as corporate and accounting formalities are up to date, there should be no issues in complying with the specific rules of such supervision. The remaining requirements for a unipersonal corporation are relatively straightforward: like all corporations, it must be established through a public deed (article 165) with a minimum capital (article 186); the sole shareholder cannot be another unipersonal corporation (article