Two decades ago, Colombia had a largely unfavourable reputation among much of the business community. Drug dealing and kidnappings were far from rare, inflation was beyond 20% and foreign investment flows were generally poor. However, the situation has shifted substantially since then, and Colombia’s economy has been growing quickly,...
In conjunction with prietocarrizosa, this chapter outlines the substantial changes Colombia’s legal framework has undergone in recent years, affecting an array of areas such as public-private partnerships, dispute resolution and simplified stock corporations. Additional reforms are expected in other areas such as health care and social security over the coming years. This chapter features an...
Despite instability associated with the global mining and hydrocarbons sectors, Colombia displays stable economic growth amidst a regional slowdown, in large part a result of economic liberalisation, free trade agreements and entry to a variety of trade blocs. After recording 6.6% growth in 2011 and 4% in 2012, Colombia saw a slowdown in the first half of 2013, but the economy regained momentum by the end of the year.
The Economic Transformation Programme (ETP) launched in late 2010 is no doubt a key strategic determinant of economic transformation. Since then, and more so in recent months, we have seen and felt the realisation and actualisation of some of these strategic reform initiatives. Broadly, these initiatives are designed to create an eco-system of...
LEGAL SYSTEM: Malaysia’s laws are mainly a combination of Commonwealth-based common law and codified law. Whilst Malaysia consists of 13 states and three federal territories, the federal constitution is the paramount law of the land and clearly demarcates the boundaries between federal and state...
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