The Ministry of Labor has published a draft resolution to regulate procedures for reporting major incidents and accidents in classified facilities, aligning with international industrial safety standards to promote a safer and more responsible work environment. The...
PM Legal News
Senate Approval of Tax Reform Bill which amends Article 855 of the Tax Statute regarding refunds and/or compensation for tax credit balances
The Senate of the Republic has approved a bill in the second debate to amend Article 855 of the Tax Statute, specifically regarding refunds and/or compensation for tax credit balances. The bill reduces the timeframe for the Tax Administration to issue refunds for tax...
Diversification of Colombia’s energy matrix: a step toward sustainability
By Mauricio Torres According to a recent publication on Platform X by Dr. Adrián Correa, Director of the Mining and Energy Unit (UPME), as of July 2024, Colombia has an installed capacity of 1,820 GW of renewable energy (solar and wind) connected to the grid. Of...
A guide to foreign investment in real estate in Colombia
The Colombian real estate market is experiencing significant growth and development. By 2024, the market is expected to reach a staggering value of USD$2.58 trillion. The residential real estate segment holds the dominant position, projected to be US$2.17 trillion in...
Open finance, a new vision of financial information for competition and portability
By Daniel Peña Valenzuela, partner at Peña Mancero Abogados A new paradigm, Open Finance, is gaining ground around the world, and Colombia is no exception, with the aim of empowering financial customers or consumers as owners and proprietors of their personal...
Newsletter June
New customs statute With the execution of Decree 0659 of 2024, a new Customs Statute has entered into force. The new Decree seeks to streamline Colombia's international trade; will allow the National Tax and Customs Directorate (DIAN) to improve controls against...
Legal issues of M&A in the fintech sector
Introduction Mergers and acquisitions (M&A) play a significant role in the Fintech sector. The Fintech industry is known for its rapid innovation and disruption. Mergers and acquisitions allow companies to consolidate their market position by acquiring competitors...
Blockchain and Artificial Intelligence: technological and regulatory convergence on the horizon?
By: Daniel Peña Valenzuela The digital ecosystem continues to grow as a result of the increasing volume of data created in the information society and the latest technologies developed as a result of an unprecedented wave of investment, as well as technology startups...
Strengthening penalties for tax crimes in tax reform Law 2277 of 2022
The Constitutional Court issued strong support for the changes introduced by Law 2277 of 2022 regarding tax crimes. In its recent Ruling C-019 of 2024, the Court affirmed that the modifications made comply with the principles of "consecutivity and flexible identity...
Legal liability issues of artificial intelligence and corporate decision making
Artificial intelligence (AI) is now mainstream, in particular, in particular the most popular applications of generative AI. Companies have realized that it is a tool, in its different modalities and versions, that allows making processes more efficient and agile or...