ABS Trust opposes appointment of conservator of RG Hotels


ABS Trust has opposed the appointment of Dimas Elias Espinosa as the conservator in the bankruptcy of R.G. Hotels.

The company had issued $30 million in bonds of which ABS Trust is the trustee. The appeal was submitted to Circuit Judge Manuel de Jesus Corrales Hidalgo, who declared the bankruptcy of the conglomerate on Oct. 21, 2015, but made his decision retroactive to July 31, 2012, before the bonds were issued.

ABS Trust believes that the designation of Espinosa should be revoked based on legal issues with the decision.

It said that conservators must be selected from a list formed every year by the Supreme Court which should have between five and 10 people. The court, however, did not have the required number of people to chose from when it made the selection, ABS Trust has argued.

It is therefore asking the court to void the appointment and provide a list of suitable candidates.

It is also asking for all decisions made by Espinosa to be reversed.



La función de comentar está disponible solo para usuarios suscriptores. Lo invitamos a suscribirse y obtener todos los beneficios del Club La Prensa o, si ya es suscriptor, a ingresar.

Suscríbase gratis por 30 días Prueba
Adquiera un plan de suscripción Suscríbase

Por favor introduzca el apodo o nickname que desea que aparezca en sus comentarios:

Comentar 0 comentarios

Los comentarios son responsabilidad de cada autor que expresa libremente su opinión y no de Corporación La Prensa, S.A.

¿Aún no eres suscriptor de La Prensa?

Elija plan de suscripción

Aquí usted podrá elegir uno de nuestros planes de suscripción y disfrutar de los beneficios que le ofrecemos.

Elegir plan