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Judge Imposes Partial Intervention at SanCor, Appoints Co‑Administrator With Joint‑Signature Power

The court moved to ensure real oversight to safeguard creditors and jobs.

Overview

  • Judge Marcelo Germán Gelcich named accountant Lucila Inés Prono as co‑administrator for an initial 60 days with the term extendable.
  • Any act with economic or accounting effect now requires Prono’s joint signature, and actions without it will be null.
  • Prono is empowered to enter all company facilities, request police assistance if needed, and deploy up to six technical and legal assistants.
  • The ruling cites persistent non‑disclosure on plants, contracts, production and cash flows, unpaid wages since June 2025, alleged false payslips to evade contributions, and unaccredited payments tied to a related trust.
  • The measure is a partial intervention that leaves formal control in place but bars unilateral decisions, as bankruptcy petitions proceed and a separate federal case over social‑security funds targets former executives.