You may enter into a contract where the applicable law is that of your country. However, applicable law and applicable jurisdiction may be varied by colombian law, according to some limitations prescribed by our legal system. Therefore, doing business in Colombia and drafting contracts with colombian parties has to take into consideration the potential effects and interpretation of those agreements in a colombian court.
Our assistance includes negotiation of contractual terms, and counseling of the best way to enter into the business venture, from the tax and commercial point of view.
Once the type of agreement for doing business in Colombia is chosen, we help in implementing the agreement between the parties and, once this set up phase is completed, our firm takes care of the corporate and commercial law work associated to the operation of the business.
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The new draft of Regulatory Decree for Medicinal Cannabis: Part 1 - Change to the general requirements of license applications
The Ministry of Health has proposed a new Draft Decree regarding the Safe and Informed Access to the Use of Medicinal Cannabis, to replace the current one (Decree 613 of 2017). This is the first of a series of weekly articles explaining the most important changes that the new Decree will bring. In this article we will analyze the new general requirements for all cannabis licenses and its effect on license application.
Colombia: the business destination for foreign investors during and after covid-19
Although the Covid-19 crisis will greatly affect the different economies of the world, Colombia is expected to be one of the least hit by the current crisis. Despite the fact that the World Bank indicated that there is a negative forecast of -2.4% for the country for the remainder of 2020, this decrease in GDP growth positions Colombia as one of the economies that will be less affected by the restrictions imposed due to the virus.
Colombia’s cryptocurrency bill seeks to provide a ground of legal security for the industry
Considering that last year the cryptocurrency market was valued in USD 540 million, it is easy to see why this industry has multiplied its growth in Colombia at an alarming speed. Despite this, until now Colombian institutions have failed to provide legal security for cryptocurrency operators and acquirers.To emend this situation, Congress is discussing a cryptocurrency bill, which also addresses the use of blockchain technology.