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Insight | Legal Alert

Adjustment for 2024 for the Minimum Monthly Statutory Salary and the Monthly Statutory Transportation Allowance

Government sets the amount of the monthly statutory minimum salary (MSMS) and the statutory transportation allowance for 2024.
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Our Colombia lawyers advise clients on some of the most significant transactions in Latin America, including acting for The Bank of Nova Scotia during the financing of Brookfield Asset Management’s US$2 billion takeover of Isagen, Colombia’s state-owned energy provider. We also advised Advent International on its US$344 million acquisition of a 30% stake in LifeMiles, one of the fastest growing frequent flyer programs in Latin America, in a deal spanning eight jurisdictions.



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As market leaders in M&A, Telecoms, Media and TechnologyAntitrust & CompetitionTax and Intellectual Property, we leverage our global footprint to provide clients with first-class advice on complex legal and business matters in Colombia, Latin America and throughout the world.

Our Banking & Finance practice focuses on acquisition finance, but also advises on regulatory and day-to-day operations from a corporate, commercial and tax law perspective.

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Investing in our local communities is an integral part of our work. Through our Bogota-based Corporate Social Responsibility program, we undertake numerous initiatives, including sponsoring a scholarship program at the University of Los Andes. We are also members of TrustLaw Colombia's Pro Bono Foundation and participate in the Best Buddies Foundation, a project designed to help those with cognitive disabilities enter the workforce.