Market: Colombia

The Hague Convention on Legalisation of Foreign Public Documents enters into force in Colombia

On January 30, 2001, the Convention on the ‘Apostille’, signed in The Hague on October 5, 1961 and approved by the Colombian National Congress through Law 455 of August 4, 1998, has entered into force in Colombia.

09 February 2001

Colombia's three largest airlines, Avianca, Sam and Aces are discussing a possible merger.

The new airline combining Avianca, Aces and Sam would combine assets for $700m and would have a market share of 50 percent of Colombia's international passengers. The three companies are planning to merge in order to improve its client services and be able to face the increasing competition by international airlines.

02 February 2001

Colombia's three largest airlines, Avianca, Sam and Aces are discussing a possible merger.

The new airline combining Avianca, Aces and Sam would combine assets for $700m and would have a market share of 50 percent of Colombia's international passengers. The three companies are planning to merge in order to improve its client services and be able to face the increasing competition by international airlines.

24 January 2001

The Hague Convention on Legalisation of Foreign Public Documents enters into force in Colombia

On January 30, 2001, the Convention on the ‘Apostille’, signed in The Hague on October 5, 1961 and approved by the Colombian National Congress through Law 455 of August 4, 1998, has entered into force in Colombia.

18 January 2001

Colombian Tax Reform

A new tax reform was enacted in Colombia on December 29, 2000, known as Law 633 (‘the Law’). This report focuses on the main provisions of the Law which may be of interest to foreign investors

01 January 2001

Baker Botts LLP forms Latin American environmental lawyer network

On December 7, Baker Botts announced the formation of what James DeMent called, "a selective network of independent law firms for the exchange of information about environmental law in the region".

07 December 2000

Zuleta, Garrido gains new oil, gas and energy partner

As of December 2000 Gustavo Suarez, general counsel for British Petroleum in Colombia, member of the Colombian Academy of Jurisprudence and counsel for BP in London on gas matters, will join Bogotá's Zuleta Garrido Araque & Jaramillo. Before joining BP he was general counsel for Elf Acquitaine for 8 years.

01 December 2000

New Colombian mining code undergoing congressional debate - October

The new code (Bill 269) should be passed during 2001. Its sponsors intend for it to improve the international competitiveness of the Colombian mining industry by providing greater contractual stability and tax incentives for exploration and exploitation activities.

01 October 2000

New common system of industrial property in the Andean countries

Decision 486 was approved and published in the Official Gazette in Lima, Perú on September 14, 2000. This new intellectual property system will replace the regulations contained in Decision 344 of the Cartagena Agreement Commission.

14 September 2000

E-commerce regulations on certifying entities

On September 11, 2000 the government of Colombia issued Decree 1747, which regulates the operation of certifying entities and the issuance of certificates of digital signatures.

11 September 2000

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