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Constitutional court approves the royalties’ reform again

Monday, January 28th, 2013 Category: Regulations & Policy

National newspaper El Tiempo reports that the royalty system reform recently passed by Congress was endorsed for a second time by the Constitutional Court. According to the court, Legislative Act 5 of 2011 amending Articles 360 and 361 of the Constitution, which determine the conditions for the royalties’ distribution, does not overstep the law nor go against regional autonomy.

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