Categoría: Legal Bulletin

BUSTAMANTE FABARA advises Alicorp as Ecuadorian counsel on the acquisition of Flora Food’s operations as part of a transaction spanning seven jurisdictions in Latin America Quito, Ecuador – March 10, 2026 – BUSTAMANTE FABARA, a leading law firm recognized for its strength in mergers and acquisitions and its extensive experience in complex cross-border transactions, is…

Public Selection Process for the Combined Cycle Block I-400 MW On March 9, 2026, the Ecuadorian Ministry of Environment and Energy (“MAE”) introduced the Public Selection Process (bidding process) (“PPS”) for the Combined Cycle Block I-400 MW. The resulting concessionaire will be the company (or the joint venture) that, upon having approved the legal and…

Organic Law for the Strengthening of the Strategic Sectors of Mining and Energy On March 2, 2026, the “Organic Law for the Strengthening of the Strategic Mining and Energy Sectors” (hereinafter, the “Law”) was published in the Official Gazette. The Law introduces amendments to the Mining Law and to the Organic Law of the Public…

Newsletter Tax – February 2026 Resolution Nro. NACDGERCGC26-00000009 The SRI Updates Income Tax Withholding Rates at Source Publication Date: February 27, 2026 This Resolution shall enter into force upon its publication in the Official Gazette and shall be applicable as of March 1, 2026. The Internal Revenue Service (Servicio de Rentas Internas – SRI) issued…

Holding of the Ordinary General Meeting of Shareholders or Partners Dear Clients and Friends: We would like to remind you of the following corporate obligations applicable to Ecuadorian companies subject to the supervision of the Superintendence of Companies, Securities and Insurance (hereinafter, the “SCVS”): 1. Holding of the Ordinary General Meeting by March 31 of…

New Resolution Issued by the Superintendence of Personal Data Protection: General Regulation for Guaranteeing the Right to Personal Data Protection in the Use of Artificial Intelligence Systems The Superintendence of Personal Data Protection (“SPDP”) issued Resolution No. SPDP-SPD-2026-0009-R, which approves the General Regulation for Guaranteeing the Right to Personal Data Protection in the Use of…

Ministry of Labor Issues Ministerial Agreement MDT-2026-046 Regulating the Authorization Procedure for Special Work Shifts or Schedules Ministerial Agreement No. MDT-2026-046, signed on February 18, 2026 and currently in force, issues new regulations governing the authorization procedure for special work shifts and schedules, as well as the distribution of the efficient working day for development,…

ECUADOR – UNITED STATES: Trade Relationship and New Tariff Context Impact of the U.S. Supreme Court Ruling and Opportunities Under the Reciprocal Trade Agreement Strategic Importance of the U.S. for Ecuador The United States has historically been Ecuador’s main trading According to the Central Bank of Ecuador (BCE), Ecuador exported USD 37 billion in goods…

General Regulations to the Organic Law on the Prevention, Detection and Combating of the Crime of Money Laundering and the Financing of Other Crimes 1. Introduction: The Office of the President of the Republic issued the General Regulations to the Organic Law on the Prevention, Detection and Combating of the Crime of Money Laundering and…

Draft Organic Law to Strengthen the Strategic Mining and Energy Sectors On January 27, 2026, President Daniel Noboa Azín submitted to the National Assembly the draft “Organic Law to Strengthen the Strategic Mining and Energy Sectors,” classified as urgent in economic matters. This means that the Assembly must process and rule on the bill within…