Mar 5 β€’ 18:01 UTC πŸ‡ͺπŸ‡¨ Ecuador El Universo (ES)

Precautionary Measure Suspends Effects of Resolution Related to Forced Liquidation of the Incoop Cooperative in Ambato

A precautionary measure has suspended the effects of a resolution related to the forced liquidation of the Incoop cooperative in Ambato, allowing it to continue operations.

The savings and credit cooperative Inteligencia de Negocios (Incoop) announced on March 5, 2026, that a precautionary measure has been issued to suspend the effects of a resolution from the Superintendence of Popular and Solidarity Economy (SEPS) regarding its forced liquidation. This legal decision was made by the Judicial Unit with Criminal Jurisdiction in Flagrant Offenses, located in Quitumbe, Quito, on March 4, 2026.

Incoop expressed its enthusiasm for the judicial decision, interpreting it as a significant step forward in the ongoing process. The cooperative views this ruling as critical for resuming its operations and continuing its activities while adhering to the relevant regulations. The cooperative had been under threat of liquidation, which raised concerns about the impact on its members and the local economy.

Previously, on February 23, SEPS had resolved to liquidate Incoop due to unspecified issues. The suspension of this resolution provides a temporary relief to stakeholders and indicates the legal complexities surrounding financial cooperatives in Ecuador, reflecting the broader challenges faced by such entities in maintaining stability and trust among their clients amid regulatory scrutiny.

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