MEDELLIN, Colombia, March 30 /PRNewswire-FirstCall/ -- The arbitration proceedings initiated by Bancolombia against Jaime Gilinski, as debtor, jointly and severally liable with the companies that sold the majority of the shares of the former Banco de Colombia S.A., resulted in an award issued today.
Through the arbitration proceedings, Bancolombia sought to gain recognition for various claims that it presented to ensure the effectiveness of the guaranty that was granted with respect to the sold shares, the value of which is now US$ 30 million.
The award orders the defendant to pay Ps$ 63,216,447,152 in favor of Bancolombia, including inflation adjustments and interest.
At present, our attorneys are studying the award, the complexity of which demands rigorous legal and financial analysis.
