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Article: Bancolombia S.A. Announces Decision of the Tribunal Superior de Bogota (the "Superior Court").
- Article from:
- PR Newswire
- Article date:
- February 26, 2008
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MEDELLIN, Colombia, Feb. 26 /PRNewswire-FirstCall/ -- Today, the Tribunal Superior de Bogota (the "Superior Court") annulled the decision of the arbitral tribunal (the "Arbitral Tribunal") dated March 30, 2006, that had decided a complaint filed by Bancolombia S.A. ("Bancolombia") against Mr. Jaime Gilinski. The Arbitral Tribunal had originally ordered Mr. Gilinski to pay Ps 63,216,447,152 to Bancolombia. This amount includes accrued interest and adjustments for inflation.
Bancolombia filed the complaint, in the context of the merger between Banco de Colombia S.A. and Bancolombia, to resolve certain claims related to specified contingencies and liabilities ...