We have always been ready and willing to innovate and explore, taking on the most complex transactions, problematic litigation cases and challenging projects with the aim of improving the national and international legal landscape.
Our founding partner, Diego Muñoz Tamayo, set the tone with the firm´s first endeavors, advising on large-scale privatizations in Colombia, including the transfer of the highest volume of state-owned assets the country has yet seen.
Diego Muñoz Tamayo and his team were at the forefront of privatization processes in Colombia. MTA acted as legal counsel for government agencies in the sale of a very significant percentage of the assets in the gas and electric energy sectors, with a total transaction value exceeding US$5 billion (the equivalent of US$9 billion in 2021 prices).
MTA continues as the leading privatization law firm in Colombia through devising a groundbreaking move: the implementation of a privatization process through successive stock offerings. Although this legal instrument had been created in 1995, MTA´s move marked the first time it was used in Colombia.
While Law 550 of 1990 was in force the firm was at the forefront of the first restructuring of a company in the telecommunications sector, at the time, one of the largest ever in Colombia. This corporate restructuring started the trend for many to follow as the country’s development continues.
MTA designed and carried out a virtual mechanism for privatization procedures by using a sealed envelope which contained a hidden minimum price below which the state would not sell. The undisclosed minimum was only revealed after the offers from interested parties were made public. Although later judicially challenged, this mechanism prevailed.
The firm made groundbreaking use of a constitutional rights protection action by using one as an instrument of regulatory correction, obtaining a historic ruling from the Constitutional Court of Colombia. Sentence T–760 of 2008 redefined the regulatory framework of the healthcare sector.
The firm’s environmental team helped develop a regulatory strategy for the intervention of areas affected by abandoned mining activities for which the Mining and Energy Planning Unit (UPME), a Special Administrative Unit of the National Energy Commission, was responsible.
The firm participated in the design of an integral strategy for the management of environmental liabilities in Colombia, managed by the Minister of Environment and Sustainable Development. This issue has no current regulation in Colombia, and we assisted by putting forward a practical proposal for how it might work.