Market: Ecuador

Chinese investor threatens Ecuador over stalled mining project

A Chinese mining company has threatened Ecuador with a US$480 million treaty claim after its gold and silver project was hit by protests from community activists and its operations halted under a local court order.

24 February 2020

IADB and IDB Invest lend to Ecuador’s largest retailer

Hogan Lovells LLP in Washington, DC and Flor & Hurtado Abogados in Quito have helped the Inter-American Development Bank and the Inter-American Investment Corporation lend US$286 million to Ecuador’s largest retailer, Corporación Favorita.

18 February 2020

Leading Lights 2019

Featured in Pro bono 2019

Law firms that stand out for the pro bono work done by their lawyers and for their efforts to build a lasting pro bono infrastructure, both internally and in their legal market.

05 February 2020

Ecuador first to issue sovereign social bonds

Three Hogan Lovells LLP offices have helped Ecuador become the world’s first country to issue sovereign social bonds, worth US$400 million, which it will use to fund its nationwide social housing project.

05 February 2020

Mercedes distributor continues LatAm expansion

Morrisons & Forrester LLP in New York, Pérez Bustamante & Ponce in Quito and Guyer & Regules in Montevideo have helped British car retailer and distributor Inchcape acquire Uruguay and Ecuador’s Mercedes-Benz trader, Autolider.

14 January 2020

Carmigniani Pérez makes two new partners in Ecuador

Ecuadorian Latin Lawyer 250 firm Carmigniani Pérez Abogados has promoted two lawyers to the partnership – including appointing its first ever female partner – in doing so strengthening its banking, corporate and disputes practices.

10 January 2020

European Investment Bank hires Bustamante for Ecuador loan

Bustamante & Bustamante has helped the European Investment Bank lend US$70 million to the Ecuadorian government to help fund the construction of technology institutes.

06 January 2020

PetroEcuador doubles down in restitution battle

PetroEcuador asked a Miami federal court on 13 December to recognise it as a victim and grant it restitution in the case of Frank Chatburn, a Miami businessman who admitted to his role in a scheme to bribe the company’s officials in exchange for lucrative contracts.

03 January 2020

Bustamante seals AFD housing loan to Ecuador

Ecuadors’s Bustamante & Bustamante has helped the French Development Agency (AFD) lend US$80 million to the Ecuadorian government to fund the construction of housing for low-income families.

11 December 2019

Change on the horizon

Ecuador is set to become the newest entrant to the market-friendly Pacific Alliance trade bloc, putting it on a path to receiving greater foreign investment. The legal markets of Ecuador’s prospective trade partners have opened up to foreign firms more than anywhere else in the region. At a roundtable in Quito law firm partners weighed up whether Ecuador’s local heavyweights should fear what is to come, or if there will be enough work to go around.

29 November 2019

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