Garrigues has won the Gold Award for Best Latin American Law Firm for its outstanding presence in the region and, specifically, for the work of the corporate law practice and its advice on transactions in strategic sectors for the Latin American economy.
The Colombian government released a technical document analyzing ways to extend the use of financial services, promoting access to technological innovation.
For the second time in a row, Garrigues has been named Transatlantic Independent Law Firm of the Year for its cross-border activity and its regional presence in Europe and America. This award is granted each year by the international media group, ALM, based in the US and the UK, which publishes specialized legal titles, such as The American Lawyer, Corporate Counsel or Legal Week.
Garrigues scooped both Peru Most Innovative Law Firm of the Year and Capital Markets Firm of the Year in the Andes at the Americas Awards organized by International Financial Law Review (IFLR). The awards ceremony, held last night in New York, recognized the advice provided by firms in the region that participated in the most innovative cross-border transactions and that have demonstrated their knowledge and expertise in strategic areas, such as M&A or banking and finance.
Garrigues has strengthened its Mexico office by recruiting Manual Llaca and a team of four expert tax litigation lawyers. By hiring these professionals, Garrigues consolidates its Mexico City office and shores up the Tax Department throughout all of Latin America. Garrigues runs a tax practice in the 13 countries in which it operates, including its five regional head offices (Brazil, Chile, Colombia, Mexico and Peru).
Garrigues took the award for Latin American Deal of the Year in the banking and finance category for its advice to Metro de Bogotá and Financiera de Desarrollo Nacional on the financing of the largest urban transport project in Colombia. The awards are presented annually in São Paulo by Latin Lawyer, one of the most prestigious publications in the sector, and bring together the main firms and companies in the region.
In Colombian public limited companies and simplified joint stock companies, inspection rights are subject to a series of rules regarding the documents and content that can be inspected. We recommend preparing regulations setting out how shareholders can exercise their rights in these cases. To that end, key points to be borne in mind are set out below.
The Directorate of National Taxes and Customs (DIAN) recently issued a reminder to taxpayers of the deadlines - established in Decree no. 2442 of December 27, 2018 issued by the Ministry of Finance - by which not-for-profit entities (ESAL) and Cooperative Sector Entities (ESCOOP) must update their registration in order to remain under the Special Tax Regime. Failure to complete this step can result in this special regime becoming non-applicable and loss of the benefits that it offers.
At the end of 2018, Peru approved a legal reform implementing new rules designed to allow vacation leave to be taken in a way that contributes to work/life balance in the private sector. And on the following February 5, Supreme Decree No 002-2019-TR, Regulations on Legislative Decree No 1405, was published, which adds to and clarifies the rules in force and enables companies to identify the main rules they must follow in relation to the taking of vacation entitlement among their workers.