A bill aimed at reforming Colombia’s Commercial Code was recently introduced before the House of Representatives. The initiative seeks to modernize the current legal framework, facilitate business activity, and strengthen the corporate regulatory regime.
The proposed reform focuses on promoting broader access to formalization, establishing clearer and more coherent rules, and introducing more flexible procedures for businesses. It also includes measures to safeguard shareholders’ rights, reinforce corporate assets, and expand business oversight—ultimately contributing to the country’s economic development.
