Garrigues, the firm of choice for financial institutions in Chile, Colombia, Mexico and Peru
The firm tops the LACCA/Latin Lawyer ranking of law firms advising the 50 biggest banks in Latin America.
Colombia: Constitutional Court declares articles 66, 67 and 68 of Law No 2195/2022 unconstitutional
On March 27th Colombia’s Constitutional Court issued a press release, in connection with the D-14851 process, declaring the unconstitutionality of articles 66 (incentives relating to leniency programs) and 67 and 68 (new sanctioning regime) of Law No 2195/2022, due to vices during the legislative process of said law.
Key differences between traditional M&As and venture capital
Contracts for mergers and acquisitions mainly look to spread the risk between the buyer and seller and to regulate shareholder relations within the company. The same occurs with venture capital, but the differences between traditional and venture capital investment bring a number of specific circumstances into play, as explained below, with specific examples from Latin America.
Labor law and outsourcing: increased restrictions on this means of hiring personnel
Regulations governing outsourcing in several countries in Latin America are hindering the use of this strategic option for companies in certain areas of business.
Freight rail projects in Colombia: Here are the risk allocation principles
In recent years rail projects in Colombia have received a boost, in an attempt to reduce costs and times in logistics chains, among other benefits brought by a reactivation of the sector. This led to new legislation on a range of topics. In this article we describe the characteristics of the contractual risk policy for freight rail projects and their distribution. We also provide an overview of the rail projects currently in progress.
Evolution of non-traditional project finance in Latin America
In recent years, project finance has gained in importance for funding private projects across a range of industries in Latin America. Due to presenting a number of advantages in its structure, this new mechanism has replaced typical corporate finance. In this article, we discuss the evolution of non-traditional project finance in Chile, Colombia, Mexico and Peru.
Latin America Viewpoints - October 2022
Colombia: 2022 tax reform bill
On 8 August 2022, a bill was submitted to the Congress of the Republic for the adoption of a tax reform in Colombia. The new government proposes a set of measures that aim to redistribute wealth by increasing the tax burden on those with the greatest taxpaying capacity.
Latin American Viewpoints - July 2022
The complex structuring of credit transactions with cryptocurrencies in Colombia
Virtual currencies or cryptocurrencies are not yet regulated in Colombia. This raises myriad questions when studying the possibility of structuring a credit agreement with cryptocurrencies in Colombia. In this article, we discuss the key issues to bear in mind on this subject.