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HOW DOES THE PURCHASE OF JUDGMENTS AGAINST THE STATE WORK?

Before answering this question, it is important to understand the problems that the Colombian state has with the payment of the sentences that victims or attorneys-in-fact have
won against it.
According to the litigation agency of the state, the debt by the entities of the state for the first quarter of 2020, amounts to an approximate value of 12.8 billion Colombian pesos, of which, before the pandemic, only an approximate value of 0.7 billion had been paid, since the delay of entities such as the Prosecutor’s Office, Judicial Branch, Police, the Ministry of Defense, Invías, among others; takes between 5 and 6 years, this, because the economic crisis and the pandemic have brought a fiscal deficit that makes it almost impossible for the Ministry of Finance to make the payment of these judgments in a timely manner, making the Colombian state to be increasingly indebted to its victims.

However, due to this situation, arises the secondary market for the purchase of judgments against the state, where Gestiones Empresariales López and James, our firm, provides the
resources to mitigate in some way the wait in time for the payment of the judgments of the victims of the Colombian state, as well as the lawyers who have been waiting more than 15
years both to assert the rights of the victims and to have the payment of the same.

To answer the question that led us to write this article, it is important to know that selling your sentence is something totally valid, legal and that in a more agile and effective way,
there are companies that allow the quality of life of the beneficiaries of the economic rights of the sentences can have a happy ending and in the same way, manage to solve their basic
needs. All this can in one way or another, help hundreds of people whom to this day have been affected as victims of the Colombian state to be compensated and heard to some
extent.

Remember, Gestiones Empresariales López & James through its Advisory and Consulting Services in Legal matters, especially in the Purchase of Court Judgments against the
Colombian State, can solve all your concerns in this regard. Likewise, we can provide specialized advice in the areas of Commercial or Corporate Law, Immigration Law, Tax Law,
Intellectual Property Law and Family Law. We have professionals around the world, mainly in Latin America and Asia, but also in countries such as England and the United States, which allows us to support you in any location through all the services we can offer to you or your company.

Likewise, we are also willing to support you in any other area that requires our expertise, whether in financial, human resources, administrative or foreign trade issues, since our team
of consultants is always ready to listen to you through its virtual channels at any time through emails: contact@lopezjames.com, lmarquez@lopezjames.com or by calling our landline in
Bogotá (571) 7498261. For more information, please visit www.lopezjames.com and our social networks on LinkedIn, Twitter, Facebook and Instagram.

About the author:

Camilo Garavito is a lawyer, he is part of the legal team of Gestiones Empresariales López & James Colombia and specializes in the areas of Procedural, Constitutional and Consumer
Law.