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A trust is a tool, perfectly legal, to manage assets according to a specific purpose. It may be used to construct a building, to cancel a debt or to meet obligations on securitizations. The person who represent it delivers properties and assets so that the administrator (usually...

The working class and the ruling party yesterday fought one more of the battles held during the “Year of resistance,” as labor movements called 2015. And, facing the second and final debate on constitutional amendments in the National Assembly, labor movements promise...

Possible changes in the rate of contribution made by members and employers to the Ecuadorian Institute of Social Security (IESS) generates at least four concerns. The main is of legal nature. The Board of IESS is considering reducing the money received by the Pension Insurance,...

So far, 221,904 people have induction cookers, but in some houses  gas cookers are partly used to avoid raising the   electricity consumption, according to some users interviewed by daily El Universo. For example, Carmen Panchana, who lives in Socio Vivienda 1, in northwestern...

The 2016 proforma budget, which will be discussed this week in the Assembly, recommends using $ 880 million for the shortening of social gaps. According to Virgilio Hernandez, president of the _ Commission for the Economic Regime of the legislative branch, the table took more...

  The top leaders of the organization intend to participate in the elections of 2017 “to finalize what the current government has not fulfilled.” They refer to an urban, an agrarian and other productive reform. Until August 2016, the leaders plan to obtain...

If the opposition prevents the “governance in the country” of an eventual government headed by another ‘bloc’ of Alianza PAIS (AP), President Rafael Correa would present for elections again. “And if the opposition wants to return to the old country...

The former candidate Guillermo Lasso said he would quit its political aspirations, only if President Rafael Correa withdrew the draft constitutional amendment for indefinite reelection.   “To better explain what I mean, I will build a hypothetical scenario. If...

The operation of the pension insurance of the Ecuadorian Institute of Social Security (IESS) would register at least three years of deficit if the redistribution of contribution rates to the Social Security is applied, an initiative that was going to be treated last Friday at the...

Constitutional amendments will have a panelist at the second debate with the power to make final changes to the bill before the vote. This will be the president of the Occasional Commission, Juan Carlos Cassinelli, of the ruling party. Cassinelli said that as rapporteur, he will...