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Recently, the financial services industry in Colombia has undergone substantial changes driven by technology, which have greatly reduced operational costs, provided higher quality, increased efficiency and expanded access and inclusion for credit and financial services.

Law 1870 of 2017, the Colombian Financial Conglomerates Law entered into force on February 6 2019. The Colombian Superintendence of Finance (SFC) has begun the process of supervising 13 financial conglomerates in the country, five of which are local and eight foreign. The SFC will supervise: Sura – Bancolombia Group, Aval Group, Bolívar financial conglomerate, BBVA Colombia, Fundación Social, Coomeva, Scotiabank Colombia, Itaú Colombia, BNP Paribas Colombia, BTG Pactual Colombia, Credicorp Capital Colombia, GNB Sudameris Colombia and Old Mutual Colombia.

The auction of the Norte Sul railway (FNS), on March 28, marks the end of a long hiatus for railway concessions. The last one had taken place in 2007, more than 10 years ago.

Since President Kennedy's proclamation, in 1962, that "consumer, by definition, includes us all", modern legal systems have increasingly dedicated their attention to consumer relations and rights. The impact of such legislation, however, is thought to reach much deeper than the immediate protection of consumers in their relations with business operators: consumer protection laws tend to increase consumers' confidence and, consequently, they serve as an important factor in increasing (or maintaining) consumption levels.

On January 31 2019, the Cabinet Office Order to Partially Amend the Cabinet Office Order on Disclosure of Corporate Affairs was issued by the Financial Services Agency. It was suggested that the original order be revised based on the recommendations made in the Financial System Council's 'disclosure working group report' announced in June 2018. Following is an outline of the revisions to be made:

Goodwin Procter's David Bernstein asks whether temporary speculators should be given the right to decide how corporations should be run

White & Case lawyers provide an overview of the landscape in Europe, as policymakers and authorities consider their approach to the new asset class

The recent case has practical implications for similar organisations’ legal immunity in the US, write Latham & Watkins lawyers

Global consultancy AlixPartners explain why it’s important for companies to ensure good governance at every juncture – particularly in M&A

The instruments are seeing a spike in demand within acquisition financings. Here, Paul Hastings lawyers consider the pros and cons of the two most popular structures