Regulatory Alerts2015-04-15 | JB-2015-3356Resolution No. JB-2015-3356 of the Banking Board of Ecuador
The Banking Board of Ecuador rejected a review appeal filed by Dora Inés Vinueza Samaniego, confirming the rejection of her request for the Central Bank of Ecuador to transfer ownership of a property acquired via commercial lease from the defunct Banco Unión. The Board determined that the property was not included in the global asset transfer executed by the liquidator of Banco Unión to the Central Bank, and therefore the regulator lacks the legal authority to order its reclassification or transfer. The decision mandates that the claimant pursue her rights through the ordinary judicial system.
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