Market: Ecuador

Bustamante Fabara adds two partners

Two partners that departed ROBALINO earlier this month have joined Bustamante Fabara, strengthening the firm’s finance and energy practices.

29 September 2022

New York court blocks PJT restructuring fee in LATAM Chapter 11

Despite claiming the duration and complexities of its Chapter 11 case were unforeseen, South American airline LATAM has failed to convince a New York court to let it pay its investment banker PJT Partners an additional US$12 million restructuring fee if its plan becomes effective.

22 September 2022

LatAm firms deliver global customer experience merger

Six offices of Cuatrecasas, Allende & Brea in Buenos Aires, four offices of Central American firm Alta and Pérez Bustamante & Ponce (PBP) in Quito have helped multinational customer experience company Majorel acquire Madrid-based counterpart Findasense, including the target’s operations in Latin America.

22 September 2022

Phoenix Tower refinancing calls on LatAm counsel

Locke Lord LLP in Boston and New York and Latin American firms have helped US telecoms group Phoenix Tower International restructure several loans held by its Latin American and US subsidiaries and package them into one single US$2 billion facility, including an acquisition financing it recently obtained to buy Chilean tower assets.

31 August 2022

Ecuador’s Tobar ZVS opens labour practice with hire

Ecuadorean law firm Tobar ZVS has set up a labour practice, hiring an employment practitioner from Highly Recommended firm CorralRosales to lead it.

26 August 2022

Dentons promotes in Colombia and Ecuador

Global law firm Dentons has strengthened two of its Highly Recommended Latin American offices by appointing a new partner in Quito and four directors in Bogotá through separate promotions.

24 August 2022

Ecuador fines medical supply providers in bid-rigging ruling

Ecuador’s antitrust enforcer has fined five companies for rigging public tenders for medical supplies in a decision that has sparked controversy over how the authority assessed their corporate structure.

22 August 2022

Luxembourg fund invests in Ecuadorean forestry

Lexvalor Abogados has helped Luxembourg-based private equity fund Arbaro acquire forestry assets in Ecuador.

16 August 2022

Ecuadorean tram disputes reach end of the line

Spanish and French consortiums have won damages – though far less than they sought – in two International Chamber of Commerce (ICC) disputes worth a combined US$75 million with an Ecuadorean municipality over the troubled construction of a tram line through a UNESCO-listed city centre.

15 July 2022

Flor Bustamante hires antitrust partners in Ecuador

Ecuadorean firm Flor Bustamante Pizarro & Hurtado has established an antitrust department by incorporating a local firm, appointing two new partners with the move.

05 July 2022

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