Bogotá

Garrigues

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  • Garrigues strengthens its team in Colombia and Spain with the hiring of two new female partners

    Garrigues has reinforced its team with the hiring of two eminent female partners. Mónica Bolaños will form part of the Bogotá tax practice while Mireia del Pozo joins the Barcelona administrative and constitutional law practice. Both appointments, which will be submitted for approval to the next Partners’ Meeting, reflect the firm’s strategy of consolidating its position as a leading provider of business law advice.
  • Colombia: The period for renewing registration on the Single Bidders Register (RUP) ends next April 5

    All individuals or legal entities that are registered on the Single Bidders Register (“RUP” by its Spanish abbreviation) must renew their registration no later than the fifth business day of April, in accordance with Decree 1082 of 2015.
  • Colombian Superintendence of Industry and Commerce maintains merger control thresholds

    The Colombian Superintendence of Industry and Commerce (SIC) issued Resolution 93503 of 2018 which sets the value of operational revenue and/or total domestic assets that shall be taken into consideration when evaluating the need of conducting merger control before this authority.
  • Colombia: financial institutions can invest in fintech companies

    In order to maximize the benefits that innovation brings to the finance industry and thereby to increase people’s access to financial services, the Colombian Ministry of Finance issued Decree 2443 of 2018, authorizing credit establishments, financial service firms and capitalization associations to acquire holdings in the share capital of domestic or international companies that have as their sole purpose to develop and apply innovation and technologies connected with the corporate purpose of the supervised entities.
  • Colombia: financial institutions can invest in fintech companies

    In order to maximize the benefits that innovation brings to the finance industry and thereby to increase people’s access to financial services, the Colombian Ministry of Finance issued Decree 2443 of 2018, authorizing credit establishments, financial service firms and capitalization associations to acquire holdings in the share capital of domestic or international companies that have as their sole purpose to develop and apply innovation and technologies connected with the corporate purpose of the supervised entities.
  • Employment contracts can now be signed electronically in Colombia

    During the Workshop on Digital Advances in Employment held on December 5, 2018, the Colombian Minister of Labor, Alicia Arango, announced that electronic and digital signatures are now permitted for employment contracts.
  • New rules issued for authorizing savings and deposit products in Colombia

    In order to issue instructions regarding the rules for authorizing regulations for products from the electronic savings and deposit sections, and the mechanisms for resolving bridge banks, the Colombian Finance Authority (SFC) has issued External Circulars Nos. 025 and 026 of 2018.
  • This is what the Colombian government’s tax reform bill looks like

    We are offering a summary of the main tax amendments proposed by the Government. As it is a bill, it may undergo substantial changes when discussed in Congress.
  • Power auction in Colombia: these are the general terms and conditions to be met by sellers and purchasers

  • Colombia: The UPME defines the deadlines for the first tender of long-term electricity contracts