The culture of compliance is being mainstreamed throughout all areas of companies. Companies’ growing concern for fulfilling the many legal requirements affecting their day-to-day activity increasingly calls for multidisciplinary legal advisory services encompassing different areas, such as criminal law, tax law and labor and employment. The objective is to mitigate, to the greatest extent possible, the potential risks of improper conduct within a company.
The highest administrative Court in Colombia -the “Consejo de Estado”- recently annulled several important rules regarding Cooperative Work Associations -known in Colombia as Cooperativas de Trabajo Asociado. Through a Decision emitted on the 19th of February, 2018, the Court declared articles 2, 4 -paragraphs first and third-, 5, 9 and 10 of Decree n°. 2025 of 2011 to be null and unenforceable.