Q COSTARICA
Aldesa Corporación de Inversiones will have to explore other possibilities to reorganize the payment to its investors and avoid bankruptcy, after reporting illiquidity problems that affect their real estate project business.
Judges ratified that the company could not prove the successful notification of a total of 200 creditors of Aldesa Corporación de Inversiones, within the established term; the company may now be headed for bankruptcy unless it can find other legal ways to pay back investors
On August 7, the Tribunal Segundo de Apelación Civil de San José (Second Court of Civil Appeal of San José) reaffirmed what the Bankruptcy Court had previously decided on the impossibility of opening a judicial intervention process (a process akin to a Chapter 11 in the U.S.) because Aldesa Corporación de
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