Secured Transactions in Reorganization Processes: Their Priority and Execution
Corporate Services attorney Sergio Alayón wrote an article for Lexir about the use of collateral within commercial dynamics in Colombia. Mr. Alayón says that this protection has become more common due to Law 1676 of 2013, which has the purpose of facilitating access to credit by companies. In addition, the law seeks to give creditors peace of mind by offering expeditious enforcement mechanisms. Mr. Alayón talks about the significant benefits for the applicants and the requirements to be able to apply for secured interests.