Sustainable development could boost Colombia’s financial system

Though it has navigated the global slump in oil prices better than some of its neighbors, Colombia’s economy has still not been immune, as shown by indicators including slowing business volumes. Latin America Financial Services Adviser asks: Will Colombian Banks Thrive in the Months Ahead? How are Colombia’s current economic conditions affecting the country’s financial services…

Cybersecurity in Latin America

How well are Latin American banks protected against cyber attacks? Inter-American Dialogue’s Latin America Advisor asked Marcela Cristina Blanco, associate attorney in Diaz Reus’ Bogota, Colombia office, “How Well Do Latin American Banks Protect Against Cyber Attacks?” Latin America Advisor: More than half of Latin American financial institutions have experienced some type of electronic breach…

Investor-State Arbitration Provisions under Colombian-US Free Trade Agreement

Chapter 11 of the North America Free Trade Agreement (NAFTA) was the first international trade agreement provision to give foreign investors a direct cause of action for investment disputes against the host government in a binding international tribunal, commonly known as “investor-state arbitration.”  However, NAFTA investor-state arbitration continues to be a source of debate.  Critics…

Overview of International Arbitration in Colombia

Corporations are increasingly resorting to arbitrations in commercial disputes in Colombia. Arbitration is often preferred to court litigation, particularly when the parties require a relatively fast resolution. It goes without saying that in order to reduce the risk of getting into disputes, companies should seek expert legal advice from the outset of contractual negotiations with…