Market: Colombia

Exploring the minimum wage across Latin America

Most countries have a national minimum wage in some form. For legal teams at both local businesses and multinational corporations across several jurisdictions, keeping up with minimum wage requirements can be tricky. In this article, LACCA turns to member firms of Ius Laboris, the world’s largest HR and employment law firm alliance, to provide a comparison of how rates differ across Latin America, taking into account any recent developments from the covid-19 pandemic.

25 August 2020

Colombia’s Supreme Court can handle Uribe case, observers say

Following the Colombian Supreme Court’s landmark decision ordering former President Álvaro Uribe under house arrest amid allegations of fraud and witness tampering, lawyers and analysts have underlined the independence of the country’s highest judicial institution and its capability to handle the case, but warn against the matter being moved to other institutions.

24 August 2020

Avianca launches bid for DIP funding amid Chapter 11 restructuring

Colombian airline Avianca has announced it has reached “key agreements” with lenders to obtain debtor-in-possession (DIP) financing as it continues to restructure through a Chapter 11 process in New York.

24 August 2020

Gómez-Pinzón appoints first woman to Affinitas’ executive committee

Colombia’s Gómez-Pinzón has appointed partner Lina Uribe to Affinitas’ executive committee, making her the first woman to hold the position at the law firm alliance.

21 August 2020

Gómez-Pinzón and Bruchou seal cross-border technology M&A

Legal practitioners Pablo Rojo and Beatriz Breccia in Buenos Aires and Colombia’s Gómez-Pinzón have helped Argentine software developer Globant acquire technology company Grupo Assa, including its Colombian subsidiary, for US$62 million.

20 August 2020

Chile’s Mallplaza expands in Colombia with fourth shopping centre

Chilean shopping centre operator Mallplaza has hired DLA Piper Martínez Beltrán to buy the Calima shopping centre in Bogotá, which will feature the first Colombian store of Swedish furniture retailer IKEA.

18 August 2020

Several firms steer US-Colombian medical cannabis merger

Three Greenberg Traurig LLP offices, Cuatrecasas in Lisbon and Posse Herrera Ruiz in Bogotá have helped a special purpose vehicle of US investor Schultze Asset Management merge with Colombian medical cannabis producer Clever Leaves, in a deal worth US$255 million.

17 August 2020

Gómez-Pinzón partner becomes of counsel

Respected Colombian disputes partner William Araque Jaimes has been appointed of counsel after 12 years as partner at Gómez-Pinzón.

14 August 2020

Latin Lawyer Elite Survey 2020: taking on the covid-19 crisis

Featured in Latin Lawyer Elite 2020

The fallout of covid-19 is indelibly altering how law firms operate and deliver their services. The managing partners of Elite firms reveal the profound changes the crisis has spelled for their firms and the adaptations they are undergoing to remain at the peak of their markets.

11 August 2020

Structural changes below the surface

Featured in Latin Lawyer Elite 2020

Even after the spread of covid-19 has peaked, it is likely the world will be a very different place. In the legal industry, the pandemic has led to changes in how law firms serve their clients that may well endure beyond the crisis. Some of these changes were in the air before covid-19, but now they seem more necessary than ever, finds Jaime Fernández Madero of Fernández Madero Consulting.

11 August 2020

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