The Central Bank of Uruguay issued a clarification responding to media reports that it has not signed any agreement with Sara Goldring, the main shareholder of Custodia de Valores Mobiliarios (CVM) Corredor de Bolsa S.A., which is currently in liquidation. In the CVM process, the central bank is acting as administrative liquidator of insolvent securities intermediaries under Law No. 18.627, while the material liquidation work is being carried out by the Liga de Defensa Comercial (Lideco) as a delegated liquidator. The proposed Private Reorganisation Agreement is still at an exchange stage, and any acceptance depends solely on the parties’ will; under Law No. 18.387, it could be signed by the legally required majority of creditors and the debtor represented by its liquidator, and would only take effect if approved by the judicial authority. The central bank indicated it will exercise its legal powers if the statutory conditions are met, including majority creditor consent and other legal requirements, with a view to facilitating the best possible recovery of claims in the ongoing liquidation.
Central Bank of Uruguay 2025-08-07
Central Bank of Uruguay denies signing any agreement in the liquidation of Custodia de Valores Mobiliarios
The Central Bank of Uruguay clarified it has not signed any agreement with Sara Goldring, shareholder of Custodia de Valores Mobiliarios Corredor de Bolsa S.A., currently in liquidation. Acting as administrative liquidator under Law No. 18.627, the bank emphasized that any Private Reorganisation Agreement requires creditor and debtor consent and judicial approval. The bank will exercise its legal powers to ensure optimal recovery of claims if statutory conditions are met.