American Chamber asks Congress to expedite approval of bankruptcy law

The President of the American Chamber of Commerce (Amcham-RD), Julio Virgil Brache, stressed the importance for the country count on "a modern law of bankruptcy", as well as to maintain the agreement signed in 2009 with the International Monetary Fund (IMF) standby.

Their statements occurred during the reading of his speech of welcome to the monthly lunch of the organization who chairs, which was attended by the Ambassador of United States in the country, Raul Yzaguirre.

Brache claimed that "count on this piece of legislation will allow companies with financial pressures to have the possibility to restructure, keeping its doors open and its employees in their work".

Given the significance of the subject, called the attention of the Congress of the Republic to address without delay the revision of the draft law in restructuring commercial and Judicial liquidation, to reach a consensus on her and approve it with the greatest u000aas soon as possible.

Highlighted the reliability with which the country has faced the global crisis. "Our performance has been better than many economies of the region," said.

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