Market: Ecuador

Dentons Paz Horowitz opens privacy law practice with hire

Highly Recommended Ecuadorean firm Dentons Paz Horowitz has set up a privacy and cybersecurity group and hired a director to lead the new practice.

02 December 2021

Ecuador’s ROBALINO opens in Cuenca

ROBALINO has opened a new office in Cuenca, the Highly Recommended firm’s fifth office in Ecuador.

01 December 2021

Bustamante & Bustamante merges with Fabara

Bustamante & Bustamante and Fabara & Compañía Abogados have merged in Ecuador, appointing María Rosa Fabara as one of the few female managing partners in the country’s legal market.

29 November 2021

LATAM Airlines gets additional US$750 million DIP financing

LATAM Airlines has hired several international and Latin American law firms to obtain an additional US$750 million debtor-in-possession (DIP) financing, part of the aviation group’s Chapter 11 bankruptcy proceedings.

24 November 2021

Court upholds Occidental fine over Ecuadorean oil field

A US court has confirmed an award requiring Occidental Petroleum to pay more than US$500 million to its Chinese-owned former partner in an oil block in Ecuador, rejecting arguments that an arbitrator’s failure to disclose a professional relationship with a member of the award creditor’s counsel team amounted to a “fraud”.

22 November 2021

Ecuador issues largest-ever gun-jumping fine

Ecuador’s competition authority has fined the conglomerate Sia Products over €2 million (US$2.6 million) for failing to notify the establishment of a new trust that gave it majority control over a paper products maker, marking the largest sanction the enforcer has ever imposed for gun-jumping.

12 November 2021

Ecuadorean firms hatch poultry acquisition

Ecuador’s Procesadora Nacional de Alimentos (Pronaca) has enlisted Pérez Bustamante & Ponce (PBP) to acquire Avesca, a local egg producer.

11 October 2021

Guiding the return to office

The post-pandemic return to the office presents novel hurdles for in-house counsel, so GCs should avoid getting tangled up in the quickly changing consensus by staying abreast of the latest regulations and implementing measures that go beyond the standard, both in the workplace as well as at home.

04 October 2021

PPO, ROBALINO and Altra Legal join Ally Latinx

Latin American law firm network Ally Latinx has expanded in the region by incorporating Bolivian firm PPO Abogados, Ecuador’s ROBALINO and Altra Legal in Paraguay as new members.

01 October 2021

Several firms help Canada’s Atico buy Ecuadorean miner

Canadian mining company Atico has relied on Spingarn & Marks in Quito to acquire the remaining stake it did not already own in Ecuadorean counterpart Compañia Minera La Plata (CMLP) for US$10 million.

30 September 2021

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