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.
The protection of cannabis companies financial rights within Colombia’s legal system
Even when the government has fully regulated and legitimated the cannabis industry, unfortunately, financial institutions, and particularly banks, are still coming up with obstacles for cannabis companies to acquire financial services. However, cannabis companies should be well aware that these arbitrary exclusions are averse to the rights contained within Colombia’s legal system and, therefore, they can be taken down in a prevalence of national and international economic interests.
The new Draft of Regulatory Decree for Medicinal Cannabis: Part 3 - Protection of Small and Medium Cannabis Cultivators
In the third issue of our series, we will make some remarks on the most important changes the proposed regulation has towards the protection of small and medium size cannabis cultivators and the effect the proposed regulation has, regarding the applications for a license of fabrication of cannabis derivates.