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Colombia is a democratic country, with a privileged and strategic location in Latin America and rich in natural resources. It is at present one of the main investment destinations in the region mainly because of its commercial opportunities and legal stability. ProColombia and the law…

Under applicable law, foreign companies wishing to permanently establish their business in Colombia must incorporate a branch. Now then, even though the foreign company is entitled to open as many commercial establishments as it deems necessary, it can only establish one branch with a single…

Preference rights grant shareholders the privilege of precedence over third parties in acquiring any shares or equity in the company offered for sale or transfer. As explained by the Superintendence of Companies in its Concept dated March 30, 2015, this advantage granted to shareholders is…

Corporate statutes establish the rules and provisions by means of which the corporation shall achieve its purpose, including, among others, the authority -duties and limitations- granted to a chief executive officer, general manager, administrator and/or legal representative, which must be carefully exercised by whoever occupies…

In Concept dated March 19, 2015, the Superintendence of Companies confirms that lawfully entered into shareholder agreements may not supersede preference rights established in the corporate statutes. In fact, article 70 of Law 222 of 1995, which refers to shareholder agreements, establishes these agreements shall…

This chapter was published by Getting the Deal Through in the 11th edition of Mining.This edition provides international expert analysis in key areas of law, practice and regulation for corporate counsel, cross-border legal practitioners, and company directors and officers. GTDT: Mining: “Reproduced with permission from…

This chapter was published by Getting the Deal Through in the 6th edition of Mergers & Acquisitions.This edition provides international expert analysis in key areas of law, practice and regulation for corporate counsel, cross-border legal practitioners, and company directors and officers. GTDT: Mergers & Aquisitions:…

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