Autor: jholguin@bustamantefabara.com
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Submission of Information on Foreign Shareholders or Partners of Companies Subject to the Control of the Companies Law
Dear Clients and Friends: We hereby inform you that the Legal Representatives of companies subject to the supervision of the Superintendence of Companies, Securities and Insurance must submit the following documentation relating to their foreign corporate partners or shareholders between January 1 and February 5, 2026. Otherwise, the Administrator will be required to report such…
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Ordinance Regulating the Annual License for the Operations of Establishments in the Canton of Guayaquil
On December 17, 2025, the Very Illustrious Municipal Council of Guayaquil enacted the ORDINANCE REGULATING THE ANNUAL OPERATING LICENSE FOR ESTABLISHMENTS IN THE CANTON OF GUAYAQUIL (hereinafter, the “Ordinance”), which governs the registration, authorization, and control of establishments where economic activities are carried out by natural or legal persons within the canton of Guayaquil. Below…
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Is There Really a Constitutional Prohibition on International Arbitration in Ecuador?
Since the entry into force of the 2008 Constitution (“CRE”), Article 422 has become one of the most debated provisions of Ecuador’s constitutional text. For more than a decade, its application has been marked by divergent interpretations, contradictory judicial decisions, and a political burden that has ultimately blurred its true legal scope. The underlying question…
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Resolution No. 017-2025 – Amendment to COMEXI Resolution No. 376-2007
On December 3, 2025, the Plenary of the Foreign Trade Committee issued Resolution No. 017-2025 (the “Resolution”), which amends Article 4 of COMEXI Resolution No. 376-2007 with respect to the use of Sanitary Registrations and Sanitary Notifications as prior control documents in importation processes. Below is a summary of the most relevant aspects for importers…
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Regulations for the Registration, Commercialization, and Control of Veterinary Products
On September 30, 2025, the Andean Community (CAN) Commission published Decision 960, a regulation that establishes harmonized requirements for the registration, control, commercialization, importation, manufacturing, and use of veterinary products in the Member Countries. Its main objective is to facilitate intra-community trade while reducing risks to animal health, public health, and the environment. Below is…
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First Sanctions Issued by the Superintendence of Personal Data Protection
Key Aspects: The Superintendency for Personal Data Protection (“SPDP”) issued its first administrative sanctions for serious infringements of the Organic Law on Personal Data Protection (“LOPDP”), after concluding sanctioning proceedings against the Ecuadorian Professional Football League (“LIGAPRO”) and the Ecuadorian Football Federation (“FEF”). Both cases are related to the processing of personal data through the…
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The Power of One: First with the Head, Then with the Heart. By Bryce Courtenay
Written by: Juan Berardo Guarderas In the professional environment in which lawyers work, expectations are high and pressures constant. In this context, the concept of the “power of one” or one’s “inner strength” may seem distant or abstract. However, Bryce Courtenay’s The Power of One teaches us a fundamental lesson: every individual has the ability…
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Personal Data Protection Officer (DPO): The New Backbone of Corporate Compliance in Ecuador
The advancement of digital transformation, the consolidation of data-driven The advancement of digital transformation, the consolidation of data-driven business models, and growing global concern over privacy have led organizations to reevaluate, question, and restructure their internal practices. In Ecuador, this evolution has materialized with the entry into force of the Regulations for the Personal Data…
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BUSTAMANTE FABARA advises the shareholders of Anders Ecuador Cía. Ltda. on the sale of a majority equity stake to Safic-Alcan S.A.S.
Quito, Ecuador – November 17, 2025 – BUSTAMANTE FABARA acted as Ecuadorian counsel to the shareholders of Anders Ecuador Cía. Ltda. (AEC) in the sale of their majority shareholding in AEC’s to Safic-Alcan S.A.S. (Buyer), advised by PwC. The deal forms part of a multi-country transaction through which Safic-Alcan acquired equity in Anders Group operating…
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General Regulations to the Organic Law on Social Transparency
Dear clients and friends, By Executive Decree No. 191, dated October 27, 2025, the General Regulations to the Organic Law on Social Transparency were issued (Official Register, 8th Supplement No. 153, October 28, 2025). Among other provisions, the Regulations govern the payment on account of undistributed profits and the single tax on the distribution of…