About Us |
Contact Us |
Customer Service |
Terms of Service
Copyright © 2021 ALM Media Properties, LLC.
All Rights Reserved
A PPU partner discusses Colombia's approach to legal presumptions concerning company director conduct.
June 07, 2021 at 12:01 AM
0 minute read
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).
BJR is a presumption that in making a business decision, directors acted in good faith, on an informed basis, and in the belief that their decision was in the company’s best interests. This rebuttable presumption protects directors from liability for their decisions giving them the freedom to decide without considering potential scrutiny from judges. Thus, to pierce the BJR, the party challenging the directors’ decision must show that the directors acted against their duties.
Start a 3-day Trial Now
Already a subscriber? Sign In Now
By Amy Guthrie
By Mark King, Harbour
By Tony Williams, Jomati
Patent Litigation Partner/Team - Life Sciences
Corporate Partners/teams leading US firm PEP $2m
Finance Partner - City Based - International FIrm
Ambitious Construction and Corporate Lawyers
Private School = Private Practice? The Firms With the Most State Educated Lawyers
‘Corporate Law Isn’t Always Negative’: Why One Associate Stuck With the Industry During the Pandemic
Ince Profits Nosedive as Major Client Calls for Office Return
Freshfields PEP Tops A&O's As Revenue Increases 5%
How to Keep Hold of Associates: Hit Targets, Loosen Dress Codes and Don't Forget Fertility
License our industry-leading legal content to extend your thought leadership and build your brand.
Presented by BigVoodoo
The African Legal Awards are set out to recognise exceptional achievement from Africa s legal elite.
Celebrating achievement, excellence, and innovation in the legal profession in the UK.
The premier educational and networking event for employee benefits brokers and agents.
The United States District Court for the Northern District of Georgia, Atlanta Division, is accepting applications for magistrate judge to s...
Robinson+Cole, an Am Law 200 Firm, is searching for an attorney to join its Business Transactions practice group in its New York, ...
Duane Morris LLP has an opening for a real estate associate with 5-6 years of experience working with a firm’s Real Estate/Finance gro...
VAN DER VEEN, O NEILL, HARTSHORN, AND LEVIN is pleased to welcome Frank Breitman, Esq. a talented and respected litigator to our ranks of trial lawyers.
HARWOOD LLOYD, LLC Welcomes Beth L. Barnhard, Esq. Beth has joined the firm as Counsel in the Wills, Trusts and Estates Department. She is Certified to be an Elder Law Attorney (CELA) by the ABAaccredited National Elder Law Foundation.
SNYDER SARNO D'ANIELLO MACERI & DACOSTA is Proud to Announce the opening of New Morristown Office!
Don't miss the crucial news and insights you need to make informed legal decisions. Join International Edition now!
Already have an account? Sign In
Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved