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Código de Comercio

Commercial Code (modified up to Law No. 1328 of July 15, 2009)

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Summary

The Colombian Commercial Code, enacted in 1971, is the main legal framework for commercial activities in Colombia. It underwent a major revision in 2009, which updated and modernized many of its provisions. The code covers a wide range of commercial matters, including commercial contracts, negotiable instruments, commercial entities, bankruptcy, and commercial arbitration. It also provides regulations for commercial practices such as sales, insurance, transportation, and banking. The code sets out the obligations of businesses in Colombia, including the registration of commercial entities, compliance with accounting and financial reporting standards, and adherence to fair competition practices.

Thumbnail image for The Colombian Commercial Code, enacted in 1971, is the main legal framework for commercial activities in Colombia. It underwent a major revision in 2009, which updated and modernized many of its provisions. The code covers a wide range of commercial matters, including commercial contracts, negotiable instruments, commercial entities, bankruptcy, and commercial arbitration. It also provides regulations for commercial practices such as sales, insurance, transportation, and banking. The code sets out the obligations of businesses in Colombia, including the registration of commercial entities, compliance with accounting and financial reporting standards, and adherence to fair competition practices.
Issuer

Colombia

Year

2009

Region

South America

Issuer (type)

Republic of Colombia (República de Colombia) (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Transportation & Warehousing
  • Finance & Insurance
  • Retail trade
  • Administrative, Support, Waste Management
Restrictiveness

Moderate

Sustainable Development Goals (SDGs)
  • SDG 17: Partnerships for the Goals

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