El nuevo Decreto 560 de 2020 prevé una serie de medidas de flexibilización y celeridad en los procesos de reorganización, con el fin de afrontar el escenario de alto riesgo de insolvencia que se presenta en el país como consecuencia del Estado de Emergencia Económica, Social y Ecológica.
Estas medidas tendrán una duración de hasta 2 años y se resumen en las siguientes:
Creación de procesos extrajudiciales
Trámite de negociación de emergencia
En el marco de la emergencia sanitaria, el Ministerio de Comercio, Industria y Turismo expidió el Decreto Legislativo No. 560 del 15 de abril, por medio del cual se adoptaron medidas transitorias en materia de procesos de insolvencia. Holland & Knight le presenta la información qué debe tener en cuenta sobre este tema.
¿A quién aplica?
En términos generales aplica exclusivamente a las empresas que se han afectado como consecuencia de la emergencia sanitaria declarada por el Gobierno Nacional (Deudores Afectados).
In Colombia, as in many other countries, closing down or dissolving a business is often more complicated than setting up a new one. Although there is a lot of information related to setting up a company in this country, there is not much guidance on the process of shutting one down. Because things do not always go as planned, it is important for investors to obtain information on corporate dissolution in Colombia.
Dissolution and Winding Up
Estas herramientas pueden emplearse, en cuanto sea adecuado y conveniente, para promover y dinamizar el mercado de compraventa de compañías en dificultades.
Dos de los pilares más importantes del régimen de insolvencia son la protección del crédito y la conservación de la empresa como unidad de explotación económica y fuente generadora de empleo, siempre bajo el criterio de agregación de valor. Así lo reconoce la Ley 1116 del 2006 y las legislaciones de un sinnúmero de jurisdicciones.
The enactment of Law 1676 of 2013 (Secured Interest Law) in the context of insolvency proceedings − reorganization and liquidation − has substantially restated the legal scope of creditors’ rights in at least three aspects: (i) the existence or not of a new creditor type; (ii) the compatibility of that possible new type of creditor and the current system of creditors hierarchy, and (iii) the specific rights of that new creditor, should there be one, in creditors arrangement proceedings.
(i) Is the secured creditor a new type of creditor?
Law 1676 of 2013 (Secured Interest Law), which came into effect in 2014, has substantially affected the legal scope of creditors’ rights in the context of insolvency proceedings (reorganization and liquidation). In particular, the law has potentially created a new type of creditor; the secured creditor, which has rights that differ from those creditors included in the creditor hierarchy in the Civil Code and the Corporate Insolvency Law.
Restructurings, especially those involving multiple jurisdictions, are invariably complex matters. This CMS Expert Guide provides an overview of the various restructuring possibilities available in a large number of countries, allowing you to compare how the options are deployed in these jurisdictions.
We intend to update it periodically to reflect important changes as they happen.
If you need more information or have any questions, please do not hesitate to contact us.
UPDATED 3 AUGUST 2020
Updates marked with *
Updated: Ireland, Israel
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Pacific Exploration & Production Corporation ("the Company"), a Canadian public company who explore and produce natural gas and crude oil with operations focused in Latin America. In April 2016, the Company obtained an initial order from the Ontario Superior Court for protection under the Companies' Creditors Arrangement Act for the restructuring of the Company.
Law 1676 of 2013 (Secured Interest Law), which came into effect in 2014, has substantially affected the legal scope of creditors’ rights in the context of insolvency proceedings (reorganization and liquidation). In particular, the law has potentially created a new type of creditor; the secured creditor, which has rights that differ from those creditors included in the creditor hierarchy in the Civil Code and the Corporate Insolvency Law.