Ecuador is one of covid-19’s worst-hit countries in Latin America. Before the pandemic, it was already expecting a difficult 2020, but the coronavirus has further worsened that forecast and a foreign debt crisis is now looming large.
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.
Ecuadorian firm Paz Horowitz Abogados has helped Air France and its Mexican counterpart Interjet establish new routes to Ecuador.
Bruce Horowitz, a founding partner of Ecuadorian firm Paz Horowitz Abogados, has been appointed a member of ICC FraudNet, an international network of lawyers who specialise in recouping hidden and laundered assets.
An Ecuadorian inventor has become the first to benefit from the World Intellectual Property Organisation’s Inventor Assistance Programme (IAP), which connected the inventor with law firm Paz Horowitz Abogados for pro bono patent advice.
Just months after joining the HeForShe campaign, Ferrere (Uruguay) has signed up to another United Nations initiative: the Women Empowerment Principles (WEP).
A nearly decade-long ICSID dispute between ConocoPhillips and Ecuador, with claims on both sides running into the billions, has ended with awards of nearly US$380 million for the investor and US$42 million for the state.
Ferrere has opened a third office in Ecuador, establishing a presence in the port city of Guayaquil and significantly bolstering its geographical reach.
Paz Horowitz Abogados has become the first law firm in Ecuador to subscribe to a set of UN principles that aim to improve the participation of women in economic life, at the same time as launching a new gender equality committee within the firm.
In the wake of Ecuador’s devastating 7.8 magnitude earthquake, Tom Muskett-Ford hears about the pro bono relief efforts local firms have undertaken to help the shattered country back on its feet.