Market: Ecuador

Pérez Bustamante expands with hire and promotions

Ecuador's Pérez Bustamante & Ponce has hired an energy and natural resources partner from Noboa, Peña & Torres Abogados, while also promoting five senior associates to director across several practices.

12 January 2021

Former Dechert lawyer joins Carmigniani Pérez

Former international counsel at Dechert Alvaro Galindo has joined the partnership at Carmigniani Pérez in Quito.

07 January 2021

Mexico investigates commodity trader Vitol following US settlement

Mexico is investigating Swiss commodities trading company Vitol over alleged bribery, according to the country’s top anti-corruption prosecutor.

17 December 2020

Latin America’s oil and gas industry has a bright future, forecast panellists

With the prospect of a covid-19 vaccine on the horizon and renewed investment opportunities on the cards for 2021 and beyond, there may be a turn in the tide for Latin America’s oil and gas industry, predicted panellists at Latin Lawyer Interactive: Oil and Gas.

07 December 2020

Ecuadorean bank backs women-run SMEs with US$150 million financing

Hogan Lovells LLP in New York and Pérez Bustamante & Ponce in Quito have helped Ecuador’s largest private financial institution Banco Pichincha raise US$150 million in a note issuance, the proceeds of which it will use to support local women-run businesses.

03 December 2020

Codelco threatens Ecuador with arbitration

Chile’s state-owned copper company has threatened to file an investment treaty claim against Ecuador over the alleged failure of its national mining company to comply with agreements to develop a multibillion copper project near Quito.

27 November 2020

Ecuador adopts two-phase merger review process

Ecuador’s antitrust watchdog has adopted a new merger control procedure that gives it 25 days to determine whether a deal qualifies for expedited approval or an in-depth review.

24 November 2020

Five firms in Spanish-language media deal

Five Jones Day offices, Argentina’s Allende & Brea, Bergstein Abogados in Montevideo and Paz Horowitz Abogados in Quito have helped US media company Entravision acquire a controlling stake in advertising company RedMas from counterpart Grupo Cisneros.

19 November 2020

Costa Rican retailer to expand Forever 21 in Latin America

EY Law (Costa Rica) and Ferrere (Ecuador) have helped Costa Rica’s AR Retail enter a partnership with US company Authentic Brands Group (ABG) to expand the latter’s Forever 21 clothing brand in Latin America.

10 November 2020

Paz Horowitz helps Ecuadorean miner get tax discount

Paz Horowitz Abogados has helped local mining group Planta Industria LACEC obtain a 12-year tax discount for a US$9 million investment agreement with the Ecuadorean government.

10 November 2020

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