The legalization of multilevel companies in Colombia, an analysis of the 1700 Act of 2013
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https://orcid.org/0000-0002-2940-8638
Abstract
The present investigation has set out to establish the scope of Law 1700 of 2013, and the effects it may have on participants in such companies. Especially taking into account that, are the consumers who are at the center of said commercial relationship, and that, as consumers, they require special protection from the State. In order to this, the inductive method was used, based on the analysis of the specific norm, and its subsequent comparison with other norms. This exercise allowed us to conclude that the way in which multilevel companies were regulated seems not to be the best to stop the abuses that are carried out with this legal figure. The Law is required to be accompanied by measures that at the same time please the protection of the people who are linked to them; to avoid affecting the interests of consumers, and to facilitate the supervision and surveillance of the Superintendence of Companies.
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