Bogota, Colombia Colombia's Approximation to the Business Judgment Rule
A PPU partner discusses Colombia's approach to legal presumptions concerning company director conduct.
June 07, 2021 at 12:01 AM
3 minute read
Expert Opinion
For almost a decade now, Colombia's Superintendence of Corporations—Superintendencia de Sociedades, a technical, administrative entity assigned with judicial powers in corporate matters and conflicts between companies and their shareholders, has applied deference to the directors' business judgment (DBJ), replicating to a certain extent the U.S. case law concept of business judgment rule (BJR).
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