Good economic news for the Kirchners: the court authorized Florencia to withdraw dividends from companies under investigation for money laundering.

The Kirchner family's 25 properties, the hotels under investigation for money laundering, the real estate company that never had a registered office, and Florencia Kirchner's just over $5 million will all remain seized. However, the Fifth Federal Oral Court (TOF 5), which is to conduct the trial in the Hotesur-Los Sauces case, ruled that the former president's daughter may withdraw dividends from the companies "generated since December 16, 2024." In practice, the judges lifted the general prohibition on assets only in her favor.

According to 16 judicial officials (including judges and prosecutors from various courts), the hotels owned by Cristina, Máximo, and Florencia Kirchner are the epicenter of money laundering operations. The request to elevate the Hotesur-Los Sauces case to trial maintains that both companies (the hotel and real estate company, respectively) were not intended to have any real commercial activity, but rather to serve as "fronts" for money laundering schemes.

Last year, the Supreme Court ordered the reopening of the case, and the 5th Federal Court will conduct the trial, with Florencia Kirchner as the only acquittal. The young woman had no involvement in the money laundering operations under investigation and was released from the case, a move upheld by the Supreme Court.

A decisive measure was taken last week regarding the Kirchner family's fortune. The resolution was signed days after Judge Jorge Gorini—responsible for enforcing the sentence in the Vialidad case—requested that the Court's Corps of Appraisers update the amount established in the corruption sentence based on a confiscation of $86,085,463,548.25.

Gorini also requested that the Supreme Court's accounting experts proceed with the appraisal of the assets that will be executed to comply with the confiscation . Attorney General Diego Luciani presented an extensive list that includes the assets transferred by Cristina to Florencia and Máximo Kirchner .

Adding to this situation is the refusal of the 5th Federal Court of Justice—composed of Judges José Michilini, Nicolás Toselli, and Adriana Palliotti—to remove the embargoes imposed and the refusal to lift the general prohibition of assets in force within the framework of the Hotesur-Los Sauces case.

The lawyer for Cristina, Máximo, and Florencia Kirchner had requested that the embargoes ordered in the case investigating the family businesses for money laundering be replaced so that management of the companies and assets derived from the former president's succession can be restored .

The defense's argument indicated that the liens placed on both cases (Hotesur and Los Sauces, which were later consolidated) and amounting to 2,239,295,812.2 pesos could be replaced by a set of properties that are being made available and that, according to an appraisal ordered by the defense, cover the amount of the liens.

None of this was authorized. The judges determined not only that the suggested assets were insufficient, but also that , in the event of a conviction, everything would be subject to confiscation, as is currently the case in the Vialidad case.

However, they did resolve something in favor of Florencia Kirchner. Judges Toselli and Michilini authorized the distribution of 50% of the dividends from the "Máximo Carlos Kirchner and Florencia Kirchner Condominium," responsible for managing the assets inherited at the conclusion of Néstor Kirchner's succession.

Although Judge Adriana Pallioti maintained the position that everything should continue under judicial embargo, her two colleagues also authorized the distribution of dividends from Los Sauces SA and Hotesur SA, "to the extent of their shareholding generated since December 16, 2024, in favor of Florencia Kirchner ."

In this way, the daughter of the former President, who was never able to explain the origin of the nearly six million dollars she had in a safe deposit box , will recover funds through the distribution of dividends.

For the measure to be effective, the Federal Court of Justice (TOF 5) ordered the lifting of the general asset freeze "on legal entities for that sole purpose, with the remaining percentage to be kept under wraps " based on the ruling: that the Kirchner family's fortune will remain seized and will be assessed for possible confiscation.

The commercial companies and the condominium have two shareholders: Máximo Kirchner and Florencia Kirchner. The precautionary measures, the general prohibition of assets against those legal entities, must also remain in place, that is, the appointment of reporting supervisors (AFIP officials) for Hotesur, Los Sauces, the "Máximo Carlos Kirchner and Florencia Kirchner Condominium," and "Hotel Los Sauces Casa Patagónica," stated the Federal Tax Court (TOF 5). These companies also cannot change their shareholding structure.

However, two of the three judges considered that the possibility of partially disposing of the dividends generated by the companies and the condominium "at least with respect to the person facing a final dismissal," that is, Florencia Kirchner, was reasonable.

The judges concluded that, for the time being, the young woman cannot be held jointly and severally liable for any financial penalties that may be imposed on other defendants. Unlike financial compensation, the fines are not jointly and severally liable; in this case, the principle of the 'personality of the penalty' must be taken into account.