A Chinese mining company has threatened Ecuador with a US$480 million treaty claim after its gold and silver project was hit by protests from community activists and its operations halted under a local court order.
Law firms that stand out for the pro bono work done by their lawyers and for their efforts to build a lasting pro bono infrastructure, both internally and in their legal market.
Three Hogan Lovells LLP offices have helped Ecuador become the world’s first country to issue sovereign social bonds, worth US$400 million, which it will use to fund its nationwide social housing project.
Morrisons & Forrester LLP in New York, Pérez Bustamante & Ponce in Quito and Guyer & Regules in Montevideo have helped British car retailer and distributor Inchcape acquire Uruguay and Ecuador’s Mercedes-Benz trader, Autolider.
Companies such as Uber with disruptive business models can often find themselves at the centre of media, government and labour scandals – as a result, litigation counsel must always have solutions, not just strategies, at their fingertips to maintain the company’s operations. Sandra Monroy, recipient of this year’s Litigation Management Award, tells LACCA about how she defends the company’s reputation in the Andean region, all while challenging regulators to cement Uber’s position in the Latin American market.
Ecuador is set to become the newest entrant to the market-friendly Pacific Alliance trade bloc, putting it on a path to receiving greater foreign investment. The legal markets of Ecuador’s prospective trade partners have opened up to foreign firms more than anywhere else in the region. At a roundtable in Quito law firm partners weighed up whether Ecuador’s local heavyweights should fear what is to come, or if there will be enough work to go around.
A Quito-seated tribunal has dismissed claims by both sides in a US$39 million joint venture dispute between Colombian and Ecuadorean state-owned telecoms companies that also gave rise to the threat of a treaty claim.
Many Latin American national oil companies are increasingly willing to relinquish control of exploration and production efforts to private corporations, heard delegates at Latin Lawyer Live 10th Annual Oil & Gas, which took place in May at the Park Hyatt in Buenos Aires.
Ferrere (Ecuador) has helped two companies win Ecuadorean oil production sharing contracts in a bidding round that will generate investments worth nearly US$1.2 billion.
Ferrere (Ecuador) has helped a Chilean subsidiary of Fomento Económico Mexicano (FEMSA) – best known as the world’s largest Coca-Cola bottler – acquire Ecuadorian pharmaceutical group Corporacion GPF, snapping up 620 stores across the country.