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The Commission on Economy, Banking, Finance and Financial Intelligence of the Congress of the republic approved, this Wednesday, May 29, Bill 1137/2021-CR, also called ‘Dead Dog Law’, which seeks to benefit football clubs that are part of a bankruptcy process.
With 12 votes in favor, 3 against and 3 abstentions, the aforementioned opinion was approved by majority, offering institutions that qualify for a special condition that would protect them from bankruptcy.
In this way, a provisional suspension of ordinary bankruptcy procedures is carried out. Among them, the execution of asset seizure measures or forced liquidation.
University would be one of the most beneficiaries of these exceptional and transitory measures that have yet to be evaluated by a congressional working group or in the Plenary itself.
It is worth mentioning that this Bill must still be evaluated by a working group or debated in the Plenary Session of Congress.
Source: Elcomercio
I have worked in the news industry for over 10 years. I have a keen interest in sports and have written for many different publications. I am currently working as an author at 24 News Recorder. I cover mostly sports news but also write about other topics such as current affairs and politics. I have a strong interest in social media and how it can be used to engage with audiences.
