Legal Framework
From The Report: Colombia 2017
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This chapter provides an overview of Colombia’s legal framework, covering a range of topics from the employment regime and traditional corporations to merger regulation and arbitration. In addition, it features a viewpoint by Jaime E Trujillo Caicedo, Partner and Chair of Latin America Mergers and Acquisitions Practice Group, Baker McKenzie Colombia.

Articles from this Chapter

Overview

A competitive player: Legal reforms boost the country’s standing in global markets
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Colombia has a modern institutional framework to foster and maintain economic stability, including separation of government groups and functions. The aims of the government are to keep unemployment and inflation down, modernise the country’s infrastructure, develop its agriculture sector, and further stimulate the tourism and real estate sectors, as well as housing and innovation. Low inflation, the availability of financing and a stable investment-friendly political environment mean that…

Analysis

Following the rules: Financial and business regulations promote a healthy economy
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The Central Bank of Colombia is the authority on matters of monetary policy and currency exchange. Under the constitution and foreign investment regulations, foreign investment in Colombia shall receive the same treatment as an investment made by Colombian nationals. The conditions for repatriation of foreign investment and remittance of profits in effect at the time the investment is registered may not be changed so as to adversely affect foreign investment. An exception may exist on a temporary…

Viewpoint

Turning the page: Jaime E Trujillo Caicedo, Partner and Chair of Latin America Mergers and Acquisitions Practice Group, Baker McKenzie Colombia, on the future of Colombian investment
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Viewpoint:Jaime E Trujillo Caicedo Looking ahead, it is difficult to imagine more interesting times for Colombia from a political, economic and business perspective. The country has come a long way in establishing itself as a credible, fast-growing and resilient economy, which is now producing companies capable of competing on a regional and global level. Security is improving by the day, a large-scale infrastructure programme is coming together, and the government and the largest remaining…