- How do the awards work?
- The Legal 500 United Kingdom Awards 2013
- The Legal 500 United States Awards 2014 - In-house winners
- The Legal 500 United States Awards 2014 - Law firm winners
- The Legal 500 Latin America Awards (coming soon)
- The Legal 500 Germany Awards (coming soon)
- Frequently asked questions
- Legal market overview
- Banking and finance
- Competition and antitrust
- Corporate and M&A
- Dispute resolution
- Energy and natural resources
- Intellectual property
- International trade and customs
- Labour and employment
- Real estate
- Bosnia and Herzegovina
- British Virgin Islands
- Burkina Faso
- Cape Verde
- Cayman Islands
- Costa Rica
- Czech Republic
- Dominican Republic
- El Salvador
- Faroe Islands
- Hong Kong
- Isle of Man
- Ivory Coast
- Latin America: International firms
- Netherlands Antilles
- New Zealand
- Papua New Guinea
- Saint Martin
- Sao Tome E Principe
- Saudi Arabia
- South Africa
- South Korea
- Sri Lanka
- St Barts
- St Vincent
- United Kingdom
- United Arab Emirates
- United States
Legal market overview
Propelled by investment and the growth of domestic consumption, Colombia’s economy thrived in 2013 and the country has remained an attractive destination for foreign investors. The main engine of growth was the construction sector but agricultural output was also healthy thanks to high coffee production.
While there remains a bottleneck in the mining sector due to the continuing difficulties related to obtaining new concessions and the confirmation of titles, it nevertheless remains one of the most important pillars of the country’s economy. The development of those major projects already in process has allowed the sector continued growth. Importantly, the somewhat delayed public concessions for a whole range of public infrastructure matters have now begun to be tendered and awarded, at least in the highways sector. The so-called ‘fourth generation road concessions’ are likely to be a major source of economic dynamism over the course of the next administration, generating both business and legal activity. Moreover, with President Santos’ re-election confirmed, development in other sectors should benefit from political continuity.
The so called ‘Colombian big four’ formed by: Brigard & Urrutia, Gómez-Pinzón Zuleta, Posse Herrera Ruiz, and prietocarrizosa remain market leaders, with the local office of international powerhouse Baker & McKenzie S.A.S., and the steadily growing Cárdenas & Cárdenas Abogados just a step behind. They are followed by a number of other traditional market players and recent international arrivals including Lloreda Camacho & Co., Sanclemente Fernández Abogados S.A., Norton Rose Fulbright, and Holland & Knight LLP. Traditional boutiques remain active and largely retain their relevance despite the dynamic market scenario; examples would include Martínez Neira Abogados, Rodríguez Azuero Abogados, Durán & Osorio Abogados Asociados, Palacios Lleras, Muñoz Tamayo & Asociados. Other boutiques maintain a prominent place in their respective areas of expertise such as Esguerra Barrera Arriaga in the competition sector; both Barrios Vélez Gutíerrez Abogados and Salazar Pardo & Jaramillo Abogados in insurance; OlarteMoure in intellectual property; both Araujo Ibarra & Asociados S.A and Ibarra Abogados in international trade; Godoy Cordoba Abogados in labour, Pinilla, Gonzalez & Prieto in real estate; and Lewin & Wills, Abogados in tax. Additional international players are also trying to develop a presence in the market, some, like Garrigues ‘going-it-alone’ with the opening of its own Bogotá office; others, such as DAC Beachroft Colombia, via strategic merger – in this case with De la Torre & Monroy.
Search News and Articles
This update discusses the Copyright (Amendment) Bill 2014 (" Bill "), which was passed by Parliament on 8 July 2014.
On 18 July 2014, the Austrian energy regulatory authority E-Control released its affirmative decision in relation to the certification of Trans Austria Gasleitung GmbH (" TAG ") as a transmission system operator (" TSO ") for gas. In its decision, E-Control not only requires TAG to be comprehensively restructured, but also takes a stance on the European Commission's (" EC ") opinion on the potential non-compliance of the Austrian Natural Gas Act 2011 (Gaswirtschaftsgesetz " GWG ") with EU unbundling rules. read more...
This update discusses a consultation paper published by the Monetary Authority of Singapore on proposals to enhance its regulatory framework for safeguarding investors' interests. The proposals are in the following three key areas: (a) extending to investors in non-conventional investment products the current regulatory safeguards available to investors in capital markets; (b) requiring investment products to be rated for complexity and risks, and for these ratings to be disclosed to investors; and (c) refining the non-retail investor classes including providing accredited investors the option to benefit from the full range of capital markets regulatory safeguards that are applicable for retail investors.
New Regulation for the Turkish Banking Industry: Towards a Healthy Synthesis Between the Banks and tTurkish banking industry is considered one of the strongest in Europe. The crisis ridden global banking industry had experienced numerous difficulties following the 2008 market collapse, but Turkish banking industry had survived the crisis with relatively insignificant scars.
The effect of climate change is not only an environmental problem today as it directly relates to the resource based industries. In today's world, the scientific assessments lead the players of energy to reflect on their project viability. In direct proportion to the growth in financing renewable projects, insurance companies and underwriters are also expected to formulate their risk assessments on resource-oriented allocation models. Since especially the incontestable growth of ancillary instruments in Europe and the Japan the warranties in financing the "energy as the capital and the resource itself" yields new insurance coverage.
The National Bank of Ukraine (NBU) introduced the compulsory exchange of 100% of foreign currency proceeds. read more...
In this edition's feature article "CCS airline industry market study", we discuss CCS findings from an airline industry market study which CCS commissioned to examine whether certain joint ventures between airlines operating through Singapore have actually resulted in net economic benefits.
The Korean Government has launched a government project to establish a system to compensate and insure against environmental pollution damage, and is pursuing the introduction of a legal relief system for environmental pollution damage. Such Government initiative is intended to address the current situation where environmental pollution accidents inflict serious damage on society due to the enormous amount of tax money that is required for curing the pollution, while companies that caused the accident sometimes go bankrupt because they cannot bear the financial burden of paying the compensation. Moreover, the victims of environmental pollution accidents are often unable to obtain proper compensation due to the burden of proving that their injury resulted from the pollution or due to the prolonged litigation process which is unavoidable in light of the nature of environmental pollution.
On March 12, 2014, the Commissioners of the Korea Fair Trade Commission ("KFTC") approved a consent decree with Korea's major Internet portal companies, Naver and Naver Business Platform (collectively "Naver") and Daum Communications ("Daum"). This was the first time since its introduction that a consent decree was used to conclude a case before the KFTC. With this consent decree, the KFTC's investigation of Naver and Daum for their alleged abuse of market dominance ended without any finding of liability.
Recent regulatory developments in the ever-changing broadcasting environment are summarized below.
Studio Legale Villata, Degli Esposti, Perfetti e Associati is pleased to announce the forthcoming publication of the sixth edition of Professor Villata's monograph entitled " Pubblici Servizi. Discussioni e Problemi " (Public Services. Issues and Debates) and issued by the law publishing house Giuffrè. The volume consists of an in-depth analysis of the much-discussed subject of public services and provides a remarkable intake on the matter from an exceedingly knowledgeable scholar, in light of recent developments in legislation and jurisprudence.
Budidjaja & Associates becomes the Indonesian law firm member of TAGLaw, an international alliance of independent law firms
AstapovLawyers has been recognized TOP-3 band in corporate/M&A and tax in Ukraine according to the latest survey 2014 by KyivPost, a well-known English speaking edition. The survey findings are based on a peer review conducted by the Kyiv Post in August of 90 law firms.
The Administrative Court of Hamburg decided on 27 August 2014 that Uber, a provider for a smartphone-app for on-demand transportation services, may continue providing its services in Hamburg. With its decision, the Administrative Court ordered the suspensive effect of the objection against the prohibition order of the city of Hamburg. The decision of the Hamburg authorities were formally unlawful as the traffic authorities were not the responsible authority and the prohibition order could not be based on the Passenger Transportation Act (Personenbeförderungsgesetz).
The Companies (Guernsey) Law, 2008 (" Companies Law ") provides for companies, protected cell companies (" PCCs "), incorporated cell companies (" ICCs ") and cells of PCCs and ICCs to be placed into administration and for an administrator to be appointed to manage that entity's affairs whilst the administration order remains in force.- Ogier
A company incorporated and existing in one jurisdiction may consider it desirable to continue as a company existing elsewhere for a variety of reasons including, for example: to be in a time zone closer to investors; to conduct its affairs in a manner more familiar to its stakeholders; to benefit from a more modern and/or flexible statutory or regulatory environment and/or a more appropriate tax framework.- Ogier
Kim & Chang has been named as the "Best Law Firm for Asset Management" from AsianInvestor Korea Fund Awards 2014 , hosted by AsianInvestor affiliated with Haymarket Media Ltd, a global media company. It is the fourth consecutive year that the firm has been honored for this award.
Kim & Chang has been selected for the "Legal Innovation in Real Estate Finance" award for providing exceptional legal advice in connection with the case involving KHFC's issuance of two different types of covered bonds in the first-ever Financial Times (FT) Asia-Pacific Innovative Lawyers Awards 2014 .
Kim & Chang has been recognized as one of the world's top 150 law firms in the Who's Who Legal 100 (2014 edition, 3rd edition) , published by Who's Who Legal that is an international publication affiliated with London-based publishing group, Law Business Research. Kim & Chang has been the only law firm in Korea to be included in the list for three consecutive years.