Law 222 of 1995, which amended Book II of the Code of Commerce, issued a regime of bankruptcy proceedings and other provisions, in the paragraph of Article 148 created the regime of subsidiary liability of the parent or controlling companies, a rule that was repealed by Article 126 of Law 1116 of 2006, which establishes the corporate insolvency regime, in which Article 61 reiterated the provisions concerning such liability. According to the provision...
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