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ARTICLE · 12 APRIL 2018

Repeal Of The Goodwill Law Passed The First Debate

The first debate to repeal the Goodwill Law was developed yesterday in the National Assembly.

EcuadorReal Estate and Construction

The first debate to repeal the Goodwill Law was developed yesterday in the National Assembly. The elimination of the norm responds to the pronouncement of citizenship (63.10%) in favor of question 6 of the popular consultation on February 4.

Assemblymen of the Citizen Revolution caucus rejected the elimination of the norm. They insisted that this did not affect the construction industry and that it is an effective tool to curb land speculation. Esteban Melo, Juan Cárdenas and Franklin Samaniego argued that the crisis in the construction sector began before the entry into force of the Goodwill Law. Samaniego said that the main problem is the speculation of "certain entrepreneurs who are dedicated to buying real estate and then sell at exorbitant prices."

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