Ley 2370 de 2024 | Ley 2370 de 2024 — Colombia law | Esheria

Ley 2370 de 2024

This preamble says Colombia and Venezuela approve an investment agreement to promote and protect reciprocal investments.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 2370 de 2024
Version
Undated source snapshot
Language
es
Updated
Official source
View official record ↗
amendment benefits denial bienestar público capital controls capital transfers commencement consultation contract dispute management corruption cross-border cooperation cross-border investment cross-border investment disputes effective date employment regulation environmental regulation foreign investment implementation information exchange international agreement international agreements international arbitration intervención estatal inversión extranjera investment +26 more

Statute overview

About this statute

This preamble says Colombia and Venezuela approve an investment agreement to promote and protect reciprocal investments. This article says the agreement’s purpose is to create and support a legal framework that facilitates and promotes cross-border direct investment between investors of one Party and the territory of the other Party. This article defines key terms used in the agreement, including “investment,” “investor,” “returns,” the receiving party, the issuing party, “national,” and “territory.” This article says the agreement applies to investments in a party’s territory made by investors from the other party, before or after entry into force, but it excludes disputes about pre-entry-into-force measures and excludes tax-related measures. Each Party must support cross-border investors from the other Party, comply with its national law for changes to investments, try to share investment opportunities on request, and investors must report investments to the competent national investment authority in the receiving Party.

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