Shareholding Structure in the Incorporation of a S.A.S.
Corporate Services attorney Sergio Alayón wrote a column for The Legal Industry Reviews on a prohibition on the Chambers of Commerce of Colombia for applying for certification of a shareholder agreement for a simplified joint stock company (S.A.S.). This new function was expressed by the country's Superintendence of Corporations. Although the concept of shareholding agreement is not defined in any norm or law, a corporation's bylaws should give it its scope. Mr. Alayón discusses the fundamental elements that the legal representatives of a S.A.S. must take into account and explains what they must include in the agreement.