Twitter Logo Youtube Circle Icon LinkedIn Icon

Ecuador > Law firm and leading lawyer rankings


Ecuador’s already troubled economy –ongoing low oil prices have meant near-zero growth and falling investment– suffered a severe blow in mid-April when the region’s severest earthquake in decades struck near Muisne in the country’s northwest. With a strength of 7.8, a death toll of 600 and almost 17 000 wounded, the impact on the economy will be huge. Left-leaning president Rafael Correa estimated the damage at $3bn and – although in all probability, he will not be in office long enough to see the reconstruction efforts through – announced a raft of measures for the rebuilding of homes, roads and bridges. The Andean nation is looking to finance the mammoth project with a $600m credit from multilateral lenders, even though before the quake it had vowed to stay away from debt due to particularly high yields on Ecuador’s bonds.

Despite low oil prices, hydrocarbons continue to be busy sector, steadily attracting foreign lenders. In what constituted the largest deal in Ecuadorian history, as well as an impressive highlight for an office that only opened in 2015, Ferrere Ecuador (which, incidentally, suffered the loss of its Manta office premises during the earthquake), assisted Schlumberger subsidiary Shaya del Ecuador with the establishment of an approximately $5bn integrated service-provision contract with state-owned oil company Petroamazonas.

Leading firms with a broad service offering include the country’s full-service powerhouse Pérez Bustamante & Ponce, along with Bustamante & Bustamante, Fabara & Compañía, Corral Rosales Carmigniani Pérez, Coronel & Pérez and Romero Arteta Ponce; all of which continue to fortify and develop their offerings; while the arrival of Ferrere, as noted above, has had a strong market impact, particularly in the energy and corporate sectors. Paz Horowitz Abogados is gradually rebuilding in the wake of staff losses to the newcomer but should certainly not be overlooked; while new entrants include Gonzalez Peñaherrera & Asociados which has a strong offering, most particularly in the energy and corporate sectors. The country’s legal market also counts on the presence of significant boutiques in the traditional sectors of intellectual property (Bermeo & Bermeo Law Firm, CorralRosales and Romero Corral Abogados); labour (Jaramillo Dávila Abogados and tax (TLA Tax & Legal Advisors). Other firms ranked for the first time include: ML Abogados, Meythaler & Zambrano Abogados, Romero Corral Abogados and Puente & Asociados.

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Bulgaria: Opening the gas market for foreign traders!

    Most recently, the Bulgarian Energy Regulator has taken significant steps towards the full liberalisation of the natural gas market: In December 2016, the Bulgarian Energy Regulator adopted legislative amendments to the Rules for Trading of Natural Gas ( Правила за търговия с природен газ , " Trading Rules ") and the Rules for Access to the Gas Transmission and/or Gas Distribution Networks and the Natural Gas Storage Facilities ( Правила за предоставяне на достъп до газопреносните и/или газоразпределителните мрежи и за достъп до съоръженията за съхранение на природен газ , " Access Rules "). Moreover, it adopted new Rules for Balancing of the Natural Gas Market ( Правила за балансиране на пазара за природен газ , " Balancing Rules "). read more...
  • When Arbitration Meets Insolvency in Montenegro - Can They Coexist?

    Even at first blush, it is apparent that arbitration and insolvency make strange bedfellows.
  • Hungary: Registration Fees for Company Establishment Abolished

    In an aim to simplify state administration and support economic growth, the Hungarian Parliament adopted a new law abolishing the registration fee and the publication cost for incorporating limited liability companies (" LLC ") ( korlátolt felelősségű társaság ), limited partnerships ( betéti társaság ), general partnerships ( közkereseti társaság ), and sole entrepreneurships ( egyéni cég ). The new law becomes effective on 16 March 2017. read more...
  • SyCipLaw TMT Bulletin: Philippine Central Bank Issues New FinTech Rules

    The Bangko Sentral ng Pilipinas (BSP) (the Philippine Central Bank) has issued two new circulars that will be of interest to companies engaged in remittance services, e-money, digital currency, and other fintech businesses. Both circulars amend portions of the BSP Manual of Regulations for Non-Bank Financial Institutions.
  • IFLR: “Philippines: Foreign equity ownership decision”

    The March issue of the International Financial Law Review ( IFLR ) includes an international briefing article by SyCipLaw partner  Jose Florante M. Pamfilo  entitled “Philippines: Foreign equity ownership decision”. The article discusses the Philippine Supreme Court decision on the case of Roy v. Herbosa (GR no. 207246) to invalidate the Securities and Exchange Commission (SEC) Memorandum Circular no. 8-2013 (MC 8-2013) on the guidelines on compliance with the Filipino-foreign ownership requirements prescribed in the Philippine Constitution and/or existing laws by corporations engaged in nationalized and partly nationalized activities.
  • New regulation on unit-linked life insurance in Hungary

    Policyholders of unit-linked life insurance products pay an agreed sum for the unit-linked insurance to the insurance company, as a regular premium, or in one lump sum. These payments cover the life insurance component as well as the investment, administrative costs, contracting fee and the commissions. The "total cost charged" ("TCC") is an indicator – calculated in line with the rules of Hungarian insurance regulations – showing all costs charged on life insurance policies having a savings element, reflected as a percentage value. The regulation of the TCC in Hungary has been amended effective 1 January 2017. read more...
  • Hungary: Increase of Minimum Sale Price May Affect Retail NPL Transactions?

    On 7 March 2017, the Hungarian parliament adopted a law that increases the minimum sale price of a residential property in the enforcement procedure from the current 70% of its market value to 100% (market value to be understood as the price set by the appraisal of the bailiff), provided that (i) the claim to be enforced stems from a consumer contract; (ii) the real property is the debtor's only real property; and (iii) the debtor resided in that real property for at least six months prior to the initiation of the enforcement procedure.   read more...
  • European Court of Justice rules for the first time on discrimination based on belief

    The Court of Justice confirms a policy of neutrality can justify discrimination based on belief.

    Korean appeals court orders Google to disclose to Korean users what personal information Google passed to U.S. government.

    Case C-28/26 - Examines the right of a holding company to deduct input VAT on services acquired in the interest of its subsidiaries where those services are offered to its subsidiaries with no consideration.

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to