Compliance and Corporate Governance

In the current globalized and hastily evolving business environment, taking care of corruption’s and competition’s compliance needs, is not only a legal obligation and a way to prevent costly penalties, but is also an investment and a strategic move to safeguard the reputation, growth path and long-term success of any company. Infringement of these rules expose companies to serious consequences under Colombian and foreign anti-corruption and antitrust laws. This poses a challenge, which must be faced with the support of advisors who have a comprehensive understanding of the different rules applicable to these phenomena.

At Palacios Lleras, we understand the relevance of the severe consequences that anti-corruption and antitrust violations may have on companies of all sizes. Our compliance practice focuses on support companies to understand the complexity of these regulations and ensure not only fulfilment of the law, but also the incorporation of the highest ethical standards.

Our law firm offers a different alternative in the legal services market, based on a unique approach to compliance services in a comprehensive manner, and provided by two of the most experienced lawyers in anti-corruption and competition compliance in Colombia. Indeed, our partner JORGE ESCOBAR was part of the team that led the successful admission of Colombia to the OECD; he designed, with the advice of the governments of the United States and the United Kingdom, the Colombian compliance regulations and he has an extensive knowledge of the most relevant international rules of this practice (OECD, FCPA and UK Bribery Act). On the other hand, our partner ANDRÉS PÉREZ, in addition to his distinguished career as advisor of the Superintendent of Industry and Commerce, where he had the roles of Coordinator of Business Integrations and Director of Compliance of such authority, where he led the drafting of the Official Compliance Guide on competition law and audited several companies in this area, promoting a culture of compliance.


  • Advice companies on the implementation of the best practices in anti-corruption and antitrust, regulatory compliance, and managing of risks inherent to the economic activity.
  • Identification, analysis, and diagnosis of risks for the prevention of fraud, corruption, transnational bribery, and anti-competitive practices. As well as the review, revision, analysis, design and updating of compliance programs in the aforementioned areas.
  • Design and implementation of compliance training for senior management and key workers of the company in Compliance, which will consider the level of risk exposure of workers and managers who are the subject of the training.
  • Compliance audits and due diligence to compliance programs in mergers and acquisitions (M&A) transactions.
  • Advice and support in the certification of ICONTEC’s NTC-6378, on Compliance with Competence Standards.
  • Simplification of codes of conduct and corporate policies.
  • Permanent advice to compliance officers.
  • Advice in Corporate Governance matters.