De-nationalization of the Jurisdictional Role in the Bankruptcy Proceedings of Financial Intermediary and Securities Institutions.
DOI:
https://doi.org/10.22235/rd.v0i6.800Keywords:
constitutional law, procedural law, administrative law, law of bankruptcy proceedings, due process, central bank of Uruguay, public non-governmental legal entitiesAbstract
Abstract. This paper deals with the changes introduced by Laws 18.401 and 18.627, which entrusted the bankruptcy proceedings of banks, stock exchanges and other related persons, to non-governmental entities. This is a violation of the Constitution, which specifies who are the subjects that may develop the Jurisdictional role, establishing it as
an exclusive performance by the State, mainly by the Judiciary. These unconstitutional legislative innovations affect the procedural rights of debtors and creditors in bankruptcy, to the point of compromising the existence of the Due Process, which cannot be assured out of the State courts designated by the Constitution.
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