With the issuance of Decree 1351 of 2019, some provisions of Decree 2555 of 2010, were modified related to investments in participations issued by stock exchange funds, temporary transfer operations of securities in the counter market, and the disclosure of information in the securities market through electronic means, among others.
The Colombian government issued Decrees 1420 of 2019, 1421 of 2019 and 1349 of 2019, modifying the equity requirements for asset managers of third parties, credit establishments and insurance entities, in order to adapt them to international standards.
The Garrigues Mexico office has been recognized for another year running (the fourth in a row) as a Socially Responsible Enterprise (ESR® 2018), a distinction awarded by Centro Mexicano para la Filantropía (Cemefi) and Alianza por la Responsabilidad Social Empresarial (AliaRSE) to companies that have duly met the established corporate social responsibility standards.
On May 16, 2019, the government published in the Official Journal of the Federation the Decree reforming article 113.III and adding an article 113.bis to the Federal Tax Code, in order to reinforce the measures being taken against the purchase and sale of invoices to justify simulated transactions in Mexico.
The Ministry of Health and Social Protection, in a resolution dated February 20, 2019, has established that due to the private and reserved nature of medical records, health care entities (EPS) cannot order employers to provide the medical records of their employees and employers cannot request said records from their employees to process incapacity to work.
May 30 saw the entry into force of the new Consumer Arbitration System Regulations passed by Supreme Decree No. 103-2019-PCM and published in the Official Journal of Peru on May 29, 2019.
By means of Law 1955 of 2019, the National Government passed the National Development Plan (NDP) for the four-year term (2018-2022). The Plan includes a series of changes in Colombian labor policy, which are presented below.
On August 19th, 2019, the National Agency for Industrial Safety and Environmental Protection of the Hydrocarbons Sector (ASEA), published a Mexican official standard to regulate guard warehouses for the for distribution and retailing of liquefied petroleum gas through portable containers and transportable pressurized containers; for the design, construction and pre-start, operation and maintenance, closure and decommissioning stages.
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.