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Análisis Jurídico - Político Volumen 6 Número 12
Vol. 6 No. 12 (2024): Julio - Diciembre
Published 2024-07-30
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Copyright (c) 2024 Análisis Jurídico - Político

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Los autores aceptan que la publicación de sus trabajos se hace a título gratuito y que, por lo tanto, se excluye cualquier posibilidad de retribución económica, en especie o de cualquier índole, por la publicación, distribución o cualquier otro uso que se haga de ellos. Todo el contenido de esta revista, a excepción de donde está identificado, está bajo una Licencia Creative Commons.

Artículos de reflexión

Critical Analysis of Bill PL 106 of 2023 Reforming the Insolvency Regime Compared to the Current Law 1116 of 2006

DOI: https://doi.org/10.22490/26655489.8218
Jorge Andrés Arboleda Montalvo Universidad Santiago de Cali
PDF (Spanish)

The new Bill is a text submitted to the Congress of the Republic and is currently under review. It seeks to permanently incorporate Legislative Decrees 560 and 772 of 2020 into the legal framework. The study reflexively compares this bill with the current insolvency law to conduct a critical analysis of both legislative texts, evaluating their strengths, weaknesses, and potential impact on the Colombian
business environment. Although both texts essentially aim to protect credit and facilitate business recovery in Colombia, it is concluded that the legislator intends to modernize the insolvency regime and provide a second chance for companies. This would be achieved through business reorganization, bringing insolvency closer to
new, more accessible, flexible, and technological mechanisms. Law 1116 of 2006 safeguards the economic viability of companies and promotes job creation through reorganization and judicial liquidation processes. On the other hand, Bill PL 106 of 2023 aims
to permanently establish the measures implemented by Legislative Decrees 560 and 772 of 2020, along with Regulatory Decrees 842 and 1332 of 2020, in matters of business insolvency, incorporating technology. However, it is still too early to conduct a deeper analysis.

keywords: Creditor, Debtor, Default, Draft law, Imminent inability to pay, Insolvency, Promoter, Reorganization
license

Copyright (c) 2024 Análisis Jurídico - Político

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Los autores aceptan que la publicación de sus trabajos se hace a título gratuito y que, por lo tanto, se excluye cualquier posibilidad de retribución económica, en especie o de cualquier índole, por la publicación, distribución o cualquier otro uso que se haga de ellos. Todo el contenido de esta revista, a excepción de donde está identificado, está bajo una Licencia Creative Commons.

How to Cite
Arboleda Montalvo, J. A. (2024). Critical Analysis of Bill PL 106 of 2023 Reforming the Insolvency Regime Compared to the Current Law 1116 of 2006. Análisis Jurídico Político, 6(12), 177-195. https://doi.org/10.22490/26655489.8218
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