Overview
- Judge Federico Güerri of Commercial Court No. 29 issued a late-October ruling placing ARSA into court-supervised liquidation under trustee Guillemi & Rosental.
- The order freezes assets, closes bank accounts with balances moved to Banco Ciudad, intercepts company correspondence, and mandates the closure of plants and CABA offices.
- Company president Santiago Jesús Segovia Brun is barred from leaving the country until June 2026 and must appear for a court hearing on December 11, 2025.
- More than 400 workers are left without work at the Arenaza and Córdoba sites, as union Atilra cites unpaid wages, partial cash payments, and suspended health contributions.
- Court records list AR$49.7 billion in liabilities and AR$67.3 billion in guarantees, with creditors required to file claims by February 9, 2026 while the trustee inventories assets.