Company: APXIF
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065703
Chunk: 498

Company: APx Acquisition Corp. I
Filing Date: 2025-07-18
Form: F-4/A
Chunk 498
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 legal standards and •the judgment must not violate Argentine public policy principles. Further, the judgment must not conflict with any prior or simultaneous judgment issued by an Argentine court. If a bilateral or multilateral treaty exists between Argentina and the country where the judgment was issued, the judgment will be enforceable under the treaty’s terms. Argentina is a party to several international treaties, such as the Hague Convention on the Recognition and Enforcement of Foreign Judgments, which facilitate this process. 267 If no treaty exists, Argentine procedural laws apply. The foreign court must have jurisdiction according to Argentine rules, and the judgment must comply with Argentine public policy and due process standards. Additionally, the judgment must be properly legalized and authenticated. The defendant must have been properly notified and given the opportunity to defend themselves in the foreign proceeding, ensuring compliance with the constitutional right to defense (article 18 of the Argentine Constitution). A brief exequaturprocess verifies compliance with these requirements without re -examiningthe merits of the case. If the requirements are not met, the judgment will not be enforced in Argentina. In summary, a foreign judgment can only be enforced in Argentina if it meets procedural and substantive requirements under Argentine law and applicable treaties. Otherwise, it will lack enforceability in Argentina. The analysis of directors’ liability in Argentina focuses on the duties of loyalty and diligence established in article 59 of the Argentine General Corporate Law. These concepts require directors to act with honesty and professionalism, prioritizing the interests of the company over personal gains. Loyalty involves avoiding conflicts of interest, such as contracting with the company or competing with it, while diligence requires technical skills and appropriate experience for the role. Directors’ liability is joint and unlimited, meaning they are personally liable for damages caused by fraud, abuse of authority, or gross negligence. This includes violations of the law, bylaws, or regulations, as well as negligent decisions that harm the company, shareholders, or third parties. Joint liability extends to all directors, even if they did not actively participate in the harmful decision, unless they formally opposed it in writing. In cases of insolvency, directors must inform shareholders and take measures to avoid the company’s dissolution. Failure to do so can result in liability for damages to creditors. Precedent of the Argentine courts has established that directors must act diligently to avoid operating under insolvent conditions, protecting creditors’ interests. In the tax realm, directors can be jointly liable for the company’s tax debts if their negligence or fault in fulfilling tax obligations is proven. However, directors may be exempt from liability if