In this case, apparently there are companies abroad with a presence in Colombia controlled by Frontera Energy Corporation (Canada) and, to that extent, their relationship with the conglomerate allegedly involving 30 entities.
“Disclosure of control or corporate group situations is of public interest as there is a risk to the various people dealing with the companies when the identities of the true parent or controlling parties and of all related entities are not known. .
Therefore, although company law allows one or more natural or legal persons to establish and control companies, it also imposes the obligation to request the registration in the commercial register of this reality in a complete and accurate manner, “he said. Billy Escobar, Superintendent of Companies.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
