Colombia

Garrigues

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  • Colombia: Main recurring legal obligations - Second semester 2024

    In Colombia, companies must comply with certain corporate, tax, and labor obligations throughout the year. This document highlights the main obligations to consider during the second semester of 2024.

  • Reduction of working hours: a global trend reaching Latin America

    The reduction of working hours has been a key issue on the legislative agenda worldwide in recent years, and Latin America is no exception. While countries like Chile are already reducing the workweek from 45 to 40 hours and Colombia from 48 to 42, other jurisdictions like Mexico and Peru also have proposals on the table in this regard, but they have not yet been finalized.

  • Latin America Labor & Employment Law Newsletter - June 2024

    In this newsletter, we analyze the labor and employment market in Latin America and compile the most relevant legal updates in this area in Chile, Colombia, Mexico, and Peru.

  • Garrigues wins the award for best law firm in the Andes in banking law

    Garrigues has been named Team of the Year for the Andean States in banking and finance law by the International Financial Law Review (IFLR), which each year selects the best deals carried out in Latin America. The editorial board of this prestigious publication focused on the cross-border component, innovation, and the valuation of the companies involved in each of the deals it analyzed.

  • Newsletter on the energy market in Chile, Colombia and Peru - January 2024

    We provide the main legal and market developments for the energy sector in Chile, Colombia and Peru. Dedicated Energy teams in these countries address topics of interest to sponsors, developers, financiers and other stakeholders in the sector, such as draft legislation, summaries of new regulations, relevant case law and market trends.

  • Colombia: Main recurring legal obligations that companies must comply – First Semester 2024

    In Colombia, all companies must comply with certain corporate, tax and labor obligations during the calendar year. In this document we highlight the main obligations of the first semester of 2024.

  • Colombia: Companies must elaborate and file corporate sustainability reports that reveals the reality of their corporate practices

    The Superintendence of Companies has issued administrative recommendations for the submission of corporate sustainability reports that certain entities must prepare.

  • NPLs in Spain, Portugal and Latin America: more selective deals and increasing activity in secondary markets and debt servicing industry

    In the first three quarters of 2023, we saw investors adopting a more selective and specialized approach in their NPL investments, increasing their appetite for unlikely-to-pay (UTP) and reperforming loans (RPLs).

  • Colombia: The chambers of commerce and foreign non-profit organizations will be required to adhere to self-regulation systems, transparency standards and principles of business ethics

    A recent directive, released by the Superintendency of Companies, includes such organizations with a permanent presence in Colombia as obligated entities. Therefore, they are required to initiate the “SAGRILAFT” and “PTEE” programs by no later than August 31, 2024.

  • Antitrust damages actions in Latin America: on the path to the European model?

    We look at the progress made in relation to damages actions for infringements of competition law in Colombia, Peru, Mexico and Chile.