Regulatory Alerts1998-01-13 | Resolución 007/98Added · Updated
Resolution 007/98 - Denial of Revocation Appeals by Depositors of BIDESA Regarding Resolution 170/97
The Board of Directors of the Central Bank of Bolivia denies the revocation appeals filed by depositors of the liquidated Banco Internacional de Desarrollo S.A. (BIDESA) against Resolution 170/97, which authorized the partial subrogation of depositors' rights. The Board determines that the appeals lack valid legal grounds, confirming that the Central Bank acted within its competence under Law 1670 and that the partial subrogation does not violate constitutional principles or discriminate against depositors with balances exceeding USD 5,000. Consequently, Resolution 170/97 remains in full force and effect.
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