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What is the legal framework for consumer protection of financial services in Colombia?
Consumer protection of financial services in Colombia is supported by Law 1328 of 2009 and other related regulations. These laws establish the rights and obligations of consumers of financial services, as well as the responsibilities of financial institutions. The regulation seeks to guarantee transparency, equity and quality in the provision of financial services, as well as offer mechanisms for conflict resolution and consumer protection.
How is an embargo executed on assets held by a depositary in Argentina?
seizure on property held by a bailee involves notifying the bailee of the injunction and prohibiting disposition of the goods until the debt is resolved.
What is the role of microinsurance institutions in Guatemala?
Microinsurance institutions play a crucial role in Guatemala by providing financial protection to low-income people against specific risks. These institutions offer affordable insurance adapted to the needs of the population, such as life insurance, agricultural insurance and health insurance. Microinsurance contributes to the economic resilience of families and sustainable development by mitigating the financial impacts of adverse events.
What is the role of a notary in drafting and formalizing sales contracts in Guatemala?
In Guatemala, the notary plays a crucial role in drafting and formalizing sales contracts, especially in the case of real estate. The notary verifies the legality and authenticity of the contract, ensuring that it complies with Guatemalan laws. The presence of a notary provides authenticity and legal force to the contract.
What happens if the debtor declares bankruptcy during a seizure process in Colombia?
If the debtor declares bankruptcy during a seizure process in Colombia, a liquidation or reorganization process is activated under insolvency law. In this case, the seizure process may be suspended and the seized assets will be included in the debtor's assets within the bankruptcy process, where equitable distribution among creditors will be sought.
How are inheritance law cases processed in the Dominican Republic?
Inheritance law cases in the Dominican Republic are processed through legal processes. When a person dies without a valid will, a probate process begins. Heirs may apply to court to initiate succession and distribute the deceased's assets in accordance with applicable law and regulations.
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