Market: Ecuador

Multiple firms steer Lumen’s US$2.7 billion LatAm business sale

US private equity company Stonepeak has enlisted Simpson Thacher & Bartlett LLP in New York and Palo Alto as lead international counsel to buy Lumen Technologies’ Latin American business for US$2.7 billion.

05 August 2021

Ecuador in “default” as stay on Perenco arbitration award is lifted

Bahamian oil company Perenco says Ecuador has defaulted on an undertaking to pay a US$391 million International Centre for Settlement of Investment Disputes (ICSID) award, as a US court lifts a stay on its enforcement.

03 August 2021

Deloitte Legal poaches EY Law partner in Guatemala

Deloitte Legal in Guatemala City has strengthened its corporate and M&A offering by hiring Ruby Asturias from Latin Lawyer 250 firm EY Law (Guatemala), in the same month that the firm also added a labour partner in Argentina.

29 July 2021

AT&T sells LatAm assets to Argentina’s Grupo Werthein

Argentina’s Grupo Werthein has enlisted four Skadden, Arps, Slate, Meagher & Flom LLP offices and Bruchou, Fernández Madero & Lombardi in Buenos Aires as lead Latin American counsel to acquire regional entertainment company Vrio from US telecommunications group AT&T.

27 July 2021

Ecuador ratifies ICSID Convention

Ecuador has ratified the International Centre for Settlement of Investment Disputes (ICSID) Convention, sealing the state’s return to the treaty that it denounced over a decade ago.

23 July 2021

Ecuador’s Spingarn & Marks adds partners with Robalino Law hires

Ecuadorean outfit Spingarn & Marks has strengthened its public law, natural resources and aviation offerings by hiring a group of lawyers from local firm Robalino Law, with two joining as partners.

21 July 2021

Ecuadorean firms seal logistics purchase

Ecuador’s largest medical instruments distributor, Corporación Omninvest, has relied on local firm Robalino Law to purchase Tababela Cargo Center – the only import-export logistics operator at Quito Airport – for some US$27 million.

20 July 2021

Dentons enters Ecuador as Paz Horowitz tie-up becomes official

Global law firm Dentons has completed its combination with Ecuadorean Latin Lawyer 250 firm Paz Horowitz Abogados, opening the doors to Dentons Paz Horowitz today.

19 July 2021

LACCA’s Technology Survey

Featured in Technology 2021

Our latest technology survey charts the growing dependence of Latin American corporate counsel on ‘lawtech’, or advances in legal technology. We present some of the key data points that illustrate how in-house counsel in the region use technology today.

15 July 2021

Pharma investor’s arbitration award against Ecuador upheld

A Dutch court has upheld a US pharmaceuticals company’s US$53 million investment treaty award against Ecuador, dismissing arguments that the arbitrators took on the role of a final appeal court when they held the state liable for a denial of justice.

28 June 2021

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