Fortuitous Bankruptcy as a cause for termination of the employment contract
Viviana Gómez Villalta
Broschiertes Buch

Fortuitous Bankruptcy as a cause for termination of the employment contract

Analysis of the employer's fortuitous bankruptcy and its current legal consequences.

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At present, the Ecuadorian labor code does not foresee fortuitous bankruptcy as a cause for termination of the employment contract, that is to say, when a company is declared bankrupt, the employer assumes the responsibility for the definitive termination of the labor relations and by law it is his responsibility to pay the indemnity for untimely dismissal to the worker.Thus we can point out that the employer, who, having had a good diligence in the management of his company, and who, due to causes not attributable to him, such as inflation, incoherent socioeconomic policies, or even a pandemi...