Government approves reform of Public Services Law (142/1994)

The Colombian government has given its approval to Law 689 amending the Public Services Law, which will come into effect on October 28. As of that date, state entities that provide a public service will no longer be required to contract under the State Contracting Statute (Law 80 of 1993). This will certainly simplify the current contracting process with the remaining state-owned public services companies, since as from the end of November these public companies will be able to freely contract with third parties under the general commercial regulations for private companies.

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