my fundesem wait a little longer to know if he is Valencia Institute for Business Competitiveness (Ivace) joined creditors agreement He was raised by the education center to overcome the bankruptcy situation he found himself in. An important decision since the institution affiliated to the Ministry of Sustainable Economy, owner of most of the debt that dragged the business school, and hence its rejection, would lead to the liquidation of the foundation that governed it.
It was planned to be done during the competition. Council Ivace convenes for this Monday, but it was finally decided to postpone it to give members of that body more time to study the proposal in more detail. something possible thanks to Commercial Court No. 1 in Alicante decided to extend the deadline by one month It was established to ensure the participation of the majority of creditors.
As it is known, the proposal put forward by the responsible of Fundesem and approved by the bankruptcy administration is going through the court. alliance of the business faculty with the European University of Valenciawho wants to contribute 1.5 million lost fundsthat it will deal with 55% of the outstanding debt, which amounts to approximately 2.7 million euros. Of these, 1.6 million are in Ivace due to delayed rents for the district headquarters it occupies. Discounts will be applied to the remainder of the loan.
In contrast, European University, Fundesem headquarters, four degrees of the socio-sanitary fieldwhat does it mean landing in Alicanteand would assume control of the management of the business school, which would continue the teaching of master’s degrees and à la carte business education. The university center will also pay approximately EUR 400,000 per year for this use of the facilities and other items.
The decision is not easy, as the District Administration does not see it well. Transfer of real estate to a private universitybut on the other hand, denial bids will mean almost no part of the debt can be recovered pending and additionally, as it is built on a municipal plot through a special agreement for Fundesem, it may lead to Alicante City Council claiming the building.
To this should be added The interest of the Alicante Chamber of Commerce for the purchase of facilities to promote your own business school. An interest that the Chamber institution has formalized this Monday by submitting an offer for registration to Ivace, as approved by its chairman, Carlos Bathwhich is also part of the Ivace council.
According to Baño, the purpose of the Chamber will be to use the building to create a business school that will “restore Fundasem’s original spirit, training in the service of the state’s business community.” In addition, you will also be taught Vocational Education and programs Youth Guarantee Plan It is managed by the institution, as explained by the businessman, who does not want to elaborate on this offer.
In any event, consideration of the Chamber’s approach must await IVACE’s decision whether to accept the proposed creditor settlement. However, it can be considered if it is rejected and Fundesem goes into liquidation.
Source: Informacion
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