Regulatory Alerts2015-06-10 | JB-2015-3476Resolution No. JB-2015-3476 of the Banking Board of Ecuador
The Banking Board of Ecuador accepted an appeal filed by ASPROS C.A. regarding the rejection of its claim for unpaid insurance commissions in the forced liquidation of Porvenir Compañía de Seguros y Reaseguros S.A. The Board ruled that the liquidator must register ASPROS as a creditor because the debt was already recorded in the insurer's accounting books prior to the liquidation declaration. This decision prioritizes the recognition of debts appearing in financial records over the strict requirement to file claims within the statutory publication period.
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