Legal Framework
From The Report: Colombia 2014
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In conjunction with prietocarrizosa, this chapter outlines the substantial changes Colombia’s legal framework has undergone in recent years, affecting an array of areas such as public-private partnerships, dispute resolution and simplified stock corporations. Additional reforms are expected in other areas such as health care and social security over the coming years. This chapter features an interview with Martín Carrizosa, Founding Partner, prietocarrizosa.

Articles from this Chapter

Overview

Greater clarity: An increasingly flexible approach to foreign investment is reflected in a stable legal envrionment
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Two decades ago, Colombia had a largely unfavourable reputation among much of the business community. Drug dealing and kidnappings were far from rare, inflation was beyond 20% and foreign investment flows were generally poor. However, the situation has shifted substantially since then, and Colombia’s economy has been growing quickly, transforming the country into one of the most important developing motors in the region. A Growing Miracle Politically speaking the country has seen a greater degree…

Interview

OBG talks to Martín Carrizosa, Founding Partner, prietocarrizosa
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Interview:Martín Carrizosa What is being done to expedite the enforcement of contracts in the country? MARTIN CARRIZOSA: Colombia has suffered from an overly congested court system, resulting in delays in judicial proceedings and a year-on-year decline in our rankings for contract enforceability. The current government has carried out various structural reforms but the process of transition will take time. The Civil Procedure Code allows our judicial system to move toward oral proceedings…