COLOMBIA Law and Practice Contributed by: Jaime Trujillo and Natalia Ponce de León, Baker McKenzie
11.3 Interference With Completion Interference can occur in M&A deals with varied shareholder profiles. However, in spin-offs or merg - ers, minority shareholders have a safeguard: they can exercise withdrawal rights, demanding the repurchase or redemption of their shares.
This framework ensures that the primary stakehold - ers retain control over major corporate restructuring decisions. It also highlights that agency problems may arise not only between shareholders and directors but also between majority and minority shareholders, provid - ing opportunities for activists to intervene.
338 CHAMBERS.COM
Powered by FlippingBook