Risks for Administrators in Corporate Liquidations
The private liquidation of companies in Colombia is a legitimate mechanism for terminating a legal entity, as regulated by the Commercial Code and Law 1429 of 2010. Once dissolution occurs—whether by operation of law or by decision of the shareholders—the legal framework governing administrators, along with the duties and obligations they must fulfill during and […]
Abbreviated merger: corporate efficiency or tax inefficiency?
In today’s business environment, where corporate and tax efficiency are essential to competitiveness, corporate reorganization structures play a critical role. Among them, the short-form merger stands out as a unique mechanism within the Colombian legal system, created to streamline procedures and provide an alternative to the traditional merger process set forth in the Commercial Code. […]
Inaccuracies in the Administrator’s Management Report: Do They Render Its Approval Absolutely Null and Void?
In the context of ordinary meetings of the General Shareholders’ Meeting or the Shareholders’ Assembly, where administrators are required to submit the management report for approval or rejection, the question arises as to whether a shareholder or partner may challenge the decision that approved such report due to inaccuracies in its content—and whether this could […]