Market: Ecuador

Ecuador rejoins ICSID Convention

In a major policy reversal, a new government in Ecuador has signed the International Centre for Settlement of Investment Disputes (ICSID) Convention more than a decade after the state withdrew from the treaty.

23 June 2021

Robalino Law adds three partners in Ecuador

Less than a month after launching its fourth Ecuadorian office, Robalino Law has boosted its disputes, labour, IP and natural resources departments by promoting three lawyers to partner.

16 June 2021

Ecuador fails to annul bulk of Perenco arbitration award

An International Centre for Settlement of Investment Disputes (ICSID) committee has largely upheld Bahamian oil company Perenco’s US$449 million award against Ecuador – reducing the damages by US$36 million after annulling certain findings on quantum.

09 June 2021

Pro Bono Law Firm of the Year: Pérez Bustamante & Ponce

Featured in 15th Annual Awards

Through Fundación Fabián Ponce Ordóñez – an organisation dedicated to providing free legal help to those in need – Ecuador’s Pérez Bustamante & Ponce has handled over 30,000 pro bono cases (and counting), impacting the lives of more than 150,000 people to date. For championing a resolute commitment to pro bono work in Latin America’s legal community, it is Latin Lawyer’s Pro Bono Law Firm of the Year.

03 June 2021

New Ecuador data protection law takes effect

Ecuador’s General Data Protection Regulation (GDPR) style data privacy law has come into force, but companies still have a two-year enforcement grace period as the country’s government looks to build a data protection authority from scratch.

28 May 2021

Deal of the Year Winner: Banking & Finance

Featured in 15th Annual Awards

When the covid-19 pandemic grounded the global travel industry, the subsequent financial strain caused Latin American aviation companies to drop off the radar one by one. Regional aviation group LATAM Airlines obtained a US$2.45 billion DIP financing from a group of international shareholders, creditors and lenders several months after the airline filed for Chapter 11 bankruptcy proceedings in New York in May 2020. This lifeline wins the banking & finance category of our Deal of the Year Awards.

24 May 2021

Robalino Law opens fourth Ecuador office

Robalino Law has expanded its presence in Ecuador by opening an office in Machala, known as the banana capital of the world.

12 May 2021

Ex-Ferrere lawyer in Ecuador founds arbitration boutique

David Toscano, a former senior associate at Latin American firm Ferrere who has worked on investment claims against Ecuador, has launched his own disputes boutique in Quito.

21 April 2021

Ecuador faces second arbitration over Amazon oil projects

An Argentine-owned energy company is bringing a United Nations Commission on International Trade Law (UNCITRAL) claim against Ecuador over the termination of contracts to exploit Amazonian oil projects, a dispute that has already given rise to a US$515 million award against the state.

08 April 2021

Dentons enters Ecuador with Paz Horowitz tie-up

Dentons has announced a combination with Ecuadorian Latin Lawyer 250 firm Paz Horowitz Abogados, taking one step closer to having an office in each of the Latin American jurisdictions.

10 March 2021

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