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Council of State Annulled Articles of Decree Regulating Factoring Activities
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Council of State. Image: Valora Analitik. The Council of State declared the nullity of six articles of Decree 2669 of 2012, by which the Government regulated aspects of the factoring activity carried out by commercial companies. The decision, adopted in judgment of June 4, 2026, annulled articles 2, 3, 4, 5, 12 and 13 of the aforementioned decree, concluding that the Executive exceeded its regulatory power in relation to the provisions of articl…
The High Court found that the Executive exceeded its regulatory power by setting rules on essential aspects not provided for by law.
·Bogota, Colombia
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