At the end of 2012, Superintendent of Industry and Commerce José Miguel de la Calle announced his retirement from this role. During his two-year tenure, de la Calle saw several important goals achieved, including issuing the new Consumer Protection Law and dealing with cases relating to false or misleading advertising.
The supervisory agency for corporations has repeatedly held that only those entities that are legally considered as persons can conclude contracts through which a company is incorporated. This has caused problems for the practical development of trust contracts, within which autonomous entities can acquire shares and participate in corporations. However, new laws have clarified the issue.
In its new document "Policy Guidelines for Negotiation of International Agreements on Foreign Investments", the Council of Economic and Social Policy approves guidelines for the negotiation of international agreements for foreign investments.
The Constitutional Court has ruled that the controlling shareholder of a liquidated company is 'temporarily' liable for its affiliate company's mandatory social security and pension fund contributions.
The recently enacted Law 677/2001 was sanctioned by the Colombian government and creates Special Economic Zones for Exportation within the borders of the several municipal territories. These zones offer tax incentives for exported goods, thus encouraging foreign investment.
The Colombian government recently sanctioned Law 689 amending the public services law. This update discusses the amendments and the effect that they will have.
Including: Establishing a Company; Taxes; Corporate Structures; Managing a Company; Foreign Investment; Legislative and Administrative Compliances; Confidential Information and Trade Secrets
Including: Foreign Investment; Business Entities; Income and Related Tax; Corporate Restructuring Agreements