Seizure of S.A.S. Shares

Corporate Services attorney Isabella Díaz published a column for Revista Industria Legal about the seizure of simplified stock company (S.A.S.) shares in Colombia. The country's Superintendence of Companies reiterated that S.A.S shares are subject to seizure. Ms. Díaz says assets that don't fall under seizures are those stated in the law. Even if shareholders of an S.A.S. establish in their bylaws that their shares are unattachable assets, this provision would be exposed to being overruled by the law, and shareholders may seize the shares they have in the company.

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