The president of the Cabildo of Lanzarote, Oswaldo Betancort, stated on Monday morning that the Supreme Court issued a decree on December 18 "from which it follows" that "the judicial procedure for the creditors' contest of Inalsa remains open." Thus, according to the island official, the Mercantile Court number 1 of Las Palmas "will be the one to open the incident to determine the culpability or not of the former administrators of the public water company."
According to this same source, the Supreme Court's decree would declare "the appeal in cassation deserted, due to lack of procedural representation." This appeal was filed by the bankruptcy administrators of Inalsa against the judgment of February 24, 2017, of the Provincial Court of Las Palmas "that obliged to open the sixth section of the Inalsa contest and determine the culpability or not of the former administrators and resolve their responsibility in the bankruptcy of the same, setting the possible indemnifications."
The president of the Cabildo of Lanzarote and the Water Consortium, Oswaldo Betancort, has indicated that "it will be necessary to wait for the result of the judicial incident in which the responsibility, if any, of the members who were part of the last two boards of directors of Inalsa will be determined."
According to a statement from the Cabildo of Lanzarote, the judgment of the Provincial Court of Las Palmas upheld the appeal filed by the company Edam Janubio UTE, in November 2015, against the agreement signed by Inalsa with the creditors. Edam Janubio requested the opening of the sixth qualification section as the agreement contained a reduction of 21.76 percent and a waiting period of five years.
On February 24, 2017, the Provincial Court ruled upholding the appeal and revokes the judgment issued by the Mercantile Court number 1 of Las Palmas, of September 13, 2013, favorable to the agreement, and ordered the formation of that sixth section.
In 2020, the Mercantile Court ordered the preventive seizure of the properties of 17 members of the boards of directors of Inalsa between July 2007 and June 2009, when the company entered into bankruptcy proceedings with a debt of around 50 million euros.
