Autor: jholguin@bustamantefabara.com
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New Rulings by the SPDP on the Use of Biometric Registration for Employee Attendance and the Appointment of a Data Protection Officer in Savings and Credit Cooperatives.
Key Aspects: The Superintendency of Personal Data Protection («SPDP») has issued two new rulings in response to queries raised by public and private organizations, reaffirming and expanding on interpretative criteria relevant to the application of the Organic Law on Personal Data Protection («LOPDP») and its General Regulations («RLOPDP»). Both responses address sensitive issues with significant…
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BUSTAMANTE FABARA advised the Retail International division of the Talanx Group in the sale of HDI-Seguros S.A. (formerly Liberty Seguros Ecuador) to Grupo Financiero Atlántida
Quito, Ecuador – June 17, 2025 – BUSTAMANTE FABARA, a leading law firm renowned for its expertise in mergers and acquisitions and highly sophisticated legal work, acted as Ecuadorian legal counsel to the Retail International division of the Talanx Group (HDI) in the sale of HDI-Seguros S.A. (formerly Liberty Seguros Ecuador) to Grupo Financiero Atlántida,…
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Changes to the ISD Reporting Regime Applicable to Foreign Payments
Date: May 21, 2025 | Supplement: Sixth Supplement to Official Register No. 43 By means of Resolution No. NAC-DGERCGC25-00000009, published in the Sixth Supplement to Official Register No. 43 of May 21, 2025, the Internal Revenue Service (SRI) modifies the provisions applicable to the declaration of the Foreign Currency Exit Tax (ISD) generated by payments…
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The Privilege of Learning
Too often, we take the education we have received for granted, without pausing to consider that, for many people, access to knowledge is an unattainable luxury—or even a daily struggle against cultural, economic, or familial barriers. Having had the opportunity to study, to learn how to think critically, to question, and to choose our own…
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Ministry of Labor Issues Ministerial Agreement MDT-2025-053 Amending the General Regulations on Employer Obligation Control and Inspection Procedures (Agreement MDT-2023-140)
Ministerial Agreement No. MDT-2025-053, issued on May 12, 2025, and published in the Official Register on May 15 of the same year, amends Ministerial Agreement No. MDT-2023-140, which sets forth the General Regulations Applicable to the Control of Employer Obligations and Inspection Procedures. Amended Articles and Key Changes 1. Article 1: Incorporation of Article 5.1…
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The Organic Law Amending Various Laws Regarding Age Discrimination and Equal Treatment in the Labor System Enters Into Force
On May 14, 2025, the Organic Law Amending Various Laws Regarding Age Discrimination and Equal Treatment in the Labor System was published in the Official Registry. This law introduces several amendments to the Labor Code and the Organic Law of the National Public Procurement System. Below is a summary of the key reforms: Amendments to…
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Extension for the Filing of Financial Statements for Fiscal Year 2024 Before the Superintendency of Companies, Securities and Insurance, Exclusively for the Province of Esmeraldas
On April 30, 2025, the Superintendency of Companies, Securities and Insurance, through Resolution No. SCVS-INPAI-2025-00022483, decided to extend the deadline established in Article 20 of the Companies Law for the submission of the required documentation until May 31, 2025. This extension applies exclusively to companies domiciled in the province of Esmeraldas. This resolution came into…
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Exhort No.SCE-2025-1: Possible Anticompetitive Practices in the Medical Supplies Distribution Chain
Key Points: On May 8, 2025, the Superintendency of Economic Competition (“SCE”) issued Exhort No. SCE-2025-1 in response to the health alert declared by the National Emergency Operations Committee (COE). This decision was prompted by the mandatory use of face masks in educational institutions, the shortage of these products, rising prices, and concerns expressed by…
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Resolution No. JPRF-S-2025-0152: Financial Board Issues the “Regulation Governing Insurance Technology Service Providers»
By Resolution No. JPRF-S-2025-0152 dated April 30, 2025, the Financial Policy and Regulation Board (the “Financial Board”) issued the “Regulation Governing Insurance Technology Service Providers” (the “Regulation”). This Regulation is based on the Organic Law for the Development, Regulation and Control of Technological Financial Services (Fintech Law). I. Purpose The Regulation aims to establish the…
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From Being You to Becoming You Squared, A Strategy to Everyday Life
How can we improve our performance? Whether we are preparing for an athletic competition, climbing a mountain, or even engaging in our professional activities, this question often lingers in our minds. As lawyers, we are constantly subjected to intense pressures and demanding tasks to process, analyze, and draft large volumes of documents. The fast-paced world…