Autor: jholguin@bustamantefabara.com
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THE EXECUTIVE BACKTRACKED ON THE DOUBLE VETO TO THE REFORM LAW OF SOCIAL SECURITY AND BIESS AND FINALLY SENT IT FOR PUBLICATION IN THE OFFICIAL REGISTER.
Less than a week ago, the Assembly and the Executive clashed over a second veto to the Reform Law of Social Security and the BIESS Bank Law sent from the Presidency. This law came into effect on July 22, 2024, and was finally sent for publication in Official Register No. 605. However, it announced that…
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REFORMS TO THE STANDARD FOR THE CONTRACTING OF INSURANCE POLICIES AND PREPAID MEDICINE PLANS THROUGH ALTERNATIVE DISTRIBUTION CHANNELS
On July 4, 2024, the Financial Policy and Regulation Board, through resolution No. JPRF-S-2024-0116, amended the Standard for the Promotion and Contracting of Insurance Policies and Prepaid Comprehensive Health Care Plans through Alternative Distribution Channels. These reforms introduce significant changes to certain obligations of insurance and prepaid medicine companies when marketing their products through Alternative…
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CODIFIED REGULATION FOR THE REGULATION OF HYDROCARBON PRODUCTS PRICE
By Executive Decree No. 308 of June 26, 2024, the President of the Republic of Ecuador, Daniel Noboa Azín, repealed the hydrocarbon products price Regulation issued by Executive Decree No. 338 of the year 2005 and issued the Codified Regulation for the Regulation of hydrocarbon products price(hereinafter “Regulation” or “Executive Decree”), which sets new prices…
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BUSTAMANTE FABARA ACTED AS ECUADORIAN COUNSEL FOR PRIMAX, A SUBSIDIARY OF ROMERO GROUP, IN THE ACQUISITION OF TERPEL´S GAS STATIONS IN ECUADOR AND PERU
BUSTAMANTE FABARA acted as Ecuadorian counsel for PRIMAX, a subsidiary of Romero Group, in the acquisition of Terpel’s gas stations in Ecuador and Peru. This transaction, valued at US$64 million, involved the acquisition of assets in Peru and the acquisition of 140 gas stations of Terpel Comercial Ecuador Cía. Ltda. in Ecuador and Peru.
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BUSTAMANTE FABARA REPRESENTED IDB INVEST IN CONNECTION WITH A SECURED FINANCING TO QUASAR EXPEDITIONS
BUSTAMANTE FABARA is pleased to announce its role as legal advisors to Solaris Resources Inc in their recent landmark agreement with Empresa Nacional de Minería (ENAMI EP), marking a major stride in mining exploration within Ecuador.
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BUSTAMANTE FABARA LEADS SOLARIS RESOURCES INC IN PIONEERING MINING EXPLORATION DEAL IN ECUADOR
BUSTAMANTE FABARA is pleased to announce its role as legal advisors to Solaris Resources Inc in their recent landmark agreement with Empresa Nacional de Minería (ENAMI EP), marking a major stride in mining exploration within Ecuador.
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BUSTAMANTE FABARA ANNOUNCES THE PROMOTION OF THREE SENIOR ASSOCIATES TO DIRECTORS
BUSTAMANTE FABARA announces the promotion of three outstanding team members to the position of Directors a strategic move that will enhance our capacity to deliver top-tier legal services to our clients.
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BUSTAMANTE FABARA PROUDLY ANNOUNCES THE PROMOTION OF DIEGO PINO TO PARTNER
BUSTAMANTE FABARA is proud to announce the promotion of Diego Pino R. to partner of the Firm in the tax area.
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GENERAL REGULATION TO THE ORGANIC LAW OF YOUTH
On March 20, 2024, the President of the Republic issued the Regulation to the Organic Law of Youth.
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BUSTAMANTE FABARA PLAYS A CRUCIAL ROLE IN ADVISING SAINY-GOBAIN’S IN A STRATEGIC ALLIANCE WITH IMPTEK CHOVA DEL ECUADOR
BUSTAMANTE FABARA is delighted to reveal its advisory role to Saint-Gobain, a forefront company in the sustainable and lightweight construction sector, during its strategic acquisition of a controlling interest in IMPTEK Chova del Ecuador. This significant acquisition signifies Saint-Gobain’s inaugural venture into manufacturing within Ecuador, showcasing a strategic expansion in the region.