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Peruvian Court Nullifies Precautionary Ruling That Reactivated Universitario’s Insolvency Case

The judge restored the prior suspension of the concursal process, pausing a planned creditors’ meeting and leaving the core legal fight open for appeal.

Overview

  • The Vigésimo Cuarto Juzgado Contencioso Administrativo of Lima declared on Tuesday, September 15, 2026, that the August 20 precautionary Resolution No. 03 is without effect, reversing the earlier order that had temporarily lifted the suspension of Universitario’s concursal procedure.
  • The court granted the oppositions filed by Club Universitario de Deportes and Indecopi after finding that the legal prerequisites for the innovative precautionary measure—verosimilitud del derecho, peligro en la demora, and adequacy—had been undermined.
  • As an immediate practical result, Gremco cannot convene the announced Junta de Acreedores and the club’s current administrator, Franco Velazco, was formally notified that the suspension and the existing administration remain in place.
  • The ruling is provisional and does not decide the underlying dispute between Gremco, Universitario and Indecopi, so Gremco can appeal and higher courts may yet alter the procedural status.
  • The decision delays any creditor-driven restructuring steps and keeps the concursal process under Indecopi’s prior framework, a development that will affect the timing of debt negotiations and the club’s financial planning in the coming weeks.