Market: Ecuador

Latin Lawyer and LACCA's covid-19 information hub

In response to the unprecedented impact of covid-19, Latin Lawyer and LACCA launched a free-to-view and regularly updated information hub. Read about legislation and official communications issued by governments across Latin America in response to the evolving crisis here.

03 September 2020

Peruvian firms help Carlyle subsidiary in shares issue

Hernández & Cía Abogados has helped US private equity group Carlyle sell shares in Peruvian security company Liderman Group to employees in Chile, Ecuador and Peru through a secondary public offering.

02 September 2020

Multiple firms in cross-border Central American bottling issuance

A slew of firms has helped The Central America Bottling Corporation (CBC) make a US$200 million debt tap.

25 August 2020

Former insurance CEO admits Ecuador bribery

The former CEO of the Colombian subsidiary of UK insurance company Jardine Lloyd Thompson has pleaded guilty for his role in a scheme to bribe Ecuadorian officials.

10 August 2020

Telecoms company gets loan in Ecuador

Flor & Hurtado in Quito has helped the Inter-American Corporation for the Financing of Infrastructure (CIFI) seal a US$10 million loan to telecoms business Ecuador Tower Company (ETC).

06 August 2020

US court rejects block on Ecuador’s US$17 billion restructuring

Ecuador has defeated an injunction request by a “small minority” of bondholders seeking to block its tender for a US$17.4 billion sovereign bond restructuring, ahead of a securities fraud action.

05 August 2020

Creditors object to LATAM debtor-in-possession loan

LATAM Airlines has run into judicial hurdles during its voluntary Chapter 11 proceeding, after creditors filed an objection to its US$2.45 billion debtor-in-possession (DIP) loan from Oaktree Capital Management and the airlines’ shareholders.

30 July 2020

Microsoft and IDB join forces for digital covid-19 solution

Featured in Covid-19: managing in a crisis

Tech giant Microsoft and the Inter-American Development Bank (IDB) have teamed up once again to provide a digital cloud solution to Latin American governments that will help companies and legal teams continue carrying out administrative tasks during the covid-19 pandemic despite lockdown measures.

27 July 2020

Firms snub recruitment as lateral partner hires fall by a third

Partner hires at law firms operating in Latin America fell by almost a third in the second quarter of 2020 compared to the same period in the previous year, as firms rein in expansion amid the covid-19 pandemic.

22 July 2020

Ecuador debt relief could open door to new investment

Ecuador has announced a provisional debt relief agreement with holders of about half of its sovereign bonds – prompting the local legal community to react positively, on the grounds the deal could make investors more willing to inject capital in the country and give local businesses greater access to credit to help revive the economy.

14 July 2020

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