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Zapata succeeds Enrique Gómez Pinzón, who led the Bogotá office since 2012; firm fields 200+ attorneys focused on Latin America across 35 offices.

Colombia's SFC aims to attract a broader range of investors and support the market's overall growth.

PayPal, the global electronic payments system that was purchased, then spun out of internet auction platform eBay, recently announced that it is pulling out of Colombia, at least for domestic payments. The company, that allows individuals and businesses to send money to each...