Firm Profile > Bustamante Fabara > Quito, Ecuador

Bustamante Fabara

Ecuador > Banking and finance Tier 1

Fabara & Compañía‘s ‘commercially oriented‘ team is particularly active in the field of sovereign debt, advising an array of foreign institutions in relation to bond issuances and other transactions involving the Ecuadorian state, with recent work in this field including advice to Goldman Sachs, as the arranger, on the first sovereign social bond issued by Ecuador to finance a programme of mortgage loans. The ‘responsive and knowledgeable‘ Diego Ramírez Mesec heads the team and is highly recommended for international work, frequently acting as local counsel for large foreign firms such as Clifford Chance, Linklaters and Allen & Overy, among others. At the associate level, Diego Pino Roditti is the key name to note for tax matters within the financial industry, while James Keeble López specialises in financial regulatory matters and proceedings. Since publication, the firm has announced a tie-up with fellow local heavyweight, Bustamante & Bustamante, becoming Bustamante Fabara as of November 2021.

Practice head(s):

Diego Ramírez Mesec


‘The team is very commercially oriented and has excellent problem-solving skills.’

‘Diego Ramirez is very responsive and knowledgeable. He provides insightful local law advice which makes commercial sense as well.’

‘Fabara has an in-depth knowledge both of Ecuadorian law and international standards in documentation. They provide practical and expert advice to their clients to get transactions done consistent with local law requirements.’

‘I have worked with Diego Ramirez many times over the years, and he is a gentleman with great knowledge and experience, who facilitates closing deals.’

Key clients

China Development Bank Corporation

Industrial and Commercial Bank of China Corporation


JP Morgan

Goldman Sachs

Nomura Securities

Credit Suisse


Ecuador > Competition and antitrust Tier 2

Fabara & Compañía‘s ‘highly capable‘ team provides a full service in the field of competition law, with experience in competition authority investigations, merger control proceedings, due diligence and compliance, as well as a range of contentious matters. The team is led by María Rosa Fabara Vera, who has worked in the competition area since its introduction into Ecuadorian law and is highlighted for her ‘extensive knowledge‘; she handles the full spectrum of competition and antitrust matters. Diego Ramírez Mesec is another key figure within the team, particularly for clients in the telecoms industry, while senior associate Daniel Castelo Guerrero is particularly recommended for the representation of clients before the competition authority. Since publication, the firm has announced a tie-up with fellow local heavyweight, Bustamante & Bustamante, becoming Bustamante Fabara as of November 2021.

Practice head(s):

María Rosa Fabara Vera; Mariana Villagomez


‘They have very good knowledge of the subject. The team are able to balance operational action and strategic thinking.’

‘Very good partner involvement.’

‘It is a highly capable team. They take the necessary time to get to know the details of the client’s business and how it works, so that they have the same level of experience as an in-house lawyer, not an external adviser, and they do not just prepare for a specific case. Knowing their clients so well means they can be called upon at any time and in any situation.’

‘The team stands out for its client service and willingness to discuss any concerns that arise, regardless of the day or time. If one member of the team is not available for some reason, this does not affect the process at all – all of the team members have the knowledge and ability to represent us well. They are responsive, honest, punctual, responsible and patient.’

‘What sets the team apart is their expertise in the subject matter and knowledge of the client and the market; this combination means their advice is always focused on the right things.’

‘María Rosa Fabara has extensive knowledge and good judgement. She always keeps up to date on different topics and tries to introduce good practices.’

Key clients

Heineken Ecuador

PepsiCo Alimentos Ecuador


F&E Ecuatoriana

Medisystem Holding

Tiendas Industriales Asociadas (Tia)

Leche-Gloria-Ecuador (Grupo Gloria)

Abbott Laboratories

AIG Metropolitana


Holcim Ecuador



DirecTV Ecuador

Bimbo Ecuador

B Braun Medical


Ecuador > Corporate and M&A Tier 2

Fabara & Compañía is particularly well known for its work with clients in the insurance industry, fielding a dedicated team with substantial experience in the sector that provides the full range of services to industry clients and is led by Mariana Villagomez Álvarez. Villagomez also co-leads the ‘skilled and knowledgeable‘ corporate team alongside Diego Ramírez Mesec, who is particularly experienced in international trade matters, and María Rosa Fabara Vera, who is highly active in the pharmaceutical, construction and telecoms sectors, among others. Senior associates María Fernanda Palacios Miranda and Andrés Becdach provide support. Key areas of recent work for the firm include cross-border M&A, commercial contracts and procurement, and governance advice. Since publication, the firm has announced a tie-up with fellow local heavyweight, Bustamante & Bustamante, becoming Bustamante Fabara as of November 2021.

Practice head(s):

Maria Rosa Fabara Vera; Mariana Villagomez Álvarez; Diego Ramírez Mesec


‘Very skilled and knowledgeable lawyers, who have a deep knowledge of the subject matter and are used to working with foreign clients. It is a very committed and hard working team.’

‘Besides their deep knowledge of the matters at stake, Fabara’s lawyers are very committed and work hard to meet the client’s needs and timelines. The commitment and involvement of Mari­a Rosa Fabara and Andrés Becdach really stands out.’

‘It is a solid team focused on dealing with issues that may lead to problems later on as well as resolving problems encountered during the transaction. Maria Rosa Fabara raises the level of analysis.’

‘Both partners and associates are very skilled in different matters. Maria Rosa Fabara and Andrés Becdach stand out for corporate matters and negotiations.’

‘A capable and efficient team.’

‘They have the best possible understanding of the client’s needs and how to solve any problems that are encountered.’

Key clients

China International Water & Electric Corporation (CWE)

Pascal Universal

New Sea Development Services


Ecuador > Intellectual property Tier 2

Maria Rosa Fabara Vera heads the IP team at Fabara & Compañía, which focuses primarily on trade marks and patents, as well as on unfair competition matters, an area where it has seen an increasing amount of recent work, often acting alongside the competition law team. Pablo Fabara Vera is the key contact for IP litigation, with recent work including trade mark infringements, design right disputes and trade mark opposition cases. Since publication, the firm has announced a tie-up with fellow local heavyweight, Bustamante & Bustamante, becoming Bustamante Fabara as of November 2021.

Practice head(s):

Maria Rosa Fabara Vera


‘It is the only firm I work with due to its knowledge and prompt, tailored client service.’

‘A warm and personal service.’

‘Fabara offers prompt, efficient and precise advice.’

‘Maria Rosa Fabara stands out for her professionalism, accessibility and excellent client service.’

‘Strong ability to connect local requirements and restrictions with global property needs and rights.’

‘Good partner involvement.’

‘The team is highly qualified and experienced, which guarantees they will provide us with good advice before making decisions. Throughout the time that we have been working together, we have had a satisfactory experience.’

‘In the IP litigation practice, Pablo Fabara stands out for his fast and dynamic approach and great capacity to deal with problems. He has vast experience and intellectual ability, which is beneficial to us.’

Key clients

Boehringer Ingelheim International




GAC Franchise Brands

Grupo Bimbo

Vitality Group International

Heineken Ecuador

Intercontinental Great Brand

Giorgio Armani

Pasta Zara

Bio Minerals

Textiles El Rayo


Humberto Rolando Castillo Calle

Ecuador > Labour and employment Tier 2

Francisco Vacas Dávila heads the labour team at Fabara & Compañía, focusing his practice on employer-side representation in dismissal cases, with recent work primarily involving force majeure dismissals arising from the Covid-19 pandemic. The firm also provides a range of compliance advice, as well as handling restructuring work and other employment litigation. María Belén San Andrés and Gabriela Díaz Lozano are key figures from the associate ranks, with the former focusing on litigation, while the latter mainly specialises in termination matters. Since publication, the firm has announced a tie-up with fellow local heavyweight, Bustamante & Bustamante, becoming Bustamante Fabara as of November 2021.

Practice head(s):

Francisco Vacas


‘The lawyers we work with have taken the time to understand our business and the specific labour-related issues that we have. Other firms usually act as though all clients are the same.’

‘There is a close link between the main partner and the lawyers in charge of the operational part of the matter. We usually receive immediate answers or in special cases they take a prudent amount of time to solve the issue. Francisco Vacas and Gabriela Diaz stand out.’

Key clients


Juicios por Pandemia

Fundación Malecón 2000

Laboratorios Sumelab

Textiles Ecuador


Banco Pichincha

Pepsi Cola


Corporación Maresa

Ecuador > Tax Tier 2

Fabara & Compañía handles a range of tax work, including advice on customs issues, tax planning, litigation and dispute resolution, and tax refund procedures. Tariff proceedings are a frequent source of work for the team, which recently obtained a reclassification of several pharmaceutical products that had previously been treated as food for tariff purposes. Practice co-head María Rosa Fabara Vera is a key contact at the partner level, and is particularly experienced in matters which involve the real estate sector, while fellow co-head and senior associate Diego Pino Roditti brings significant government-side experience to the department, having previously served as the head of the legal department of the SRI. Since publication, the firm has announced a tie-up with fellow local heavyweight, Bustamante & Bustamante, becoming Bustamante Fabara as of November 2021.

Practice head(s):

María Rosa Fabara Vera; Diego Pino Roditti


‘Fabara Abogados have extensive knowledge in tax matters and have always provided us with efficient and timely advice, with a 100% success rate.’

‘Teamwork, efficient communication, and extensive knowledge of corporate and tax issues.’

‘Diego Pino is a very good lawyer and provides a personal service.’

‘The Fabara tax team is highly recognised at the local level. The analyses they carry out are very thorough, considering all the possible angles of a particular case.’

Key clients

Azzorti Venta Directa

Empresas Carozzi

Leche Gloria



Supermercado de Computadoras

Nihon Kenko del Ecuador

Monster Energy Bebidas Ecuador

Ecuador > Dispute resolution Tier 3

Fabara & Compañía handles a wide range of cases including civil, commercial, administrative and constitutional claims, acting for domestic and international clients. The firm handles both mediation and arbitration, though it is most active in litigation before Ecuadorian courts, including follow-on cases from other disputes such as set-aside proceedings for arbitral awards. Mariana Villagomez Álvarez and María Rosa Fabara Vera head the team, with the former focusing on the pharmaceutical and insurance industries, while senior associate María Fernanda Palacios Miranda is also noted. Since publication, the firm has announced a tie-up with fellow local heavyweight, Bustamante & Bustamante, becoming Bustamante Fabara as of November 2021.

Practice head(s):

Maria Rosa Fabara Vera; Mariana Villagómez


‘They have specialised technical knowledge of our area of business.’

‘Maria Rosa Fabara provides a spectacular service. Her knowledge is the pillar of the practice, as well as her affable and effective communication style. These qualities give clients peace of mind when she is handling a case.’

‘Mariana Villagomez has extensive knowledge and technical ability, and is always available to deal with enquiries and requests.’

‘The team stand out for their professionalism, specialist knowledge of their areas of law, and personalised service.’

‘Fabara & Compania has vast knowledge and experience and the team advises us from the very beginning of the legal process, suggesting all possible alternatives and providing support.’

‘Maria Rosa Fabara and Mariana Villagomez are outstanding.’

Ecuador > Real estate Tier 3

Maria Rosa Fabara Vera heads the real estate team at Fabara & Compañía, which frequently collaborates with other departments to provide a wide range of real estate services, including advising on the construction of commercial premises, acquisitions of both single properties and portfolios, and leasing and tenancy agreements. Notable figures from the team include associates José Antonio Fabara, who is active in the structuring of real estate transactions, and Andrés Becdach, who focuses on transactional work. Since publication, the firm has announced a tie-up with fellow local heavyweight, Bustamante & Bustamante, becoming Bustamante Fabara as of November 2021.

Practice head(s):

Maria Rose Fabara Vera


‘They provide support and advice not only on the legal procedures but also on preventing problems. The team stand out for their diligence, promptness and responsiveness.’

‘Excellent advice and support throughout the process. Always available and ready to seek immediate solutions to problems, taking care to comply with deadlines and requirements of all the parties.’

‘They are always willing to look for alternatives and solutions.’

Key clients

Pepsico Alimentos Ecuador



Munir Abedrabbo (Corpmunab, Cobra Facil Fabracilisa)

Textiles El Rayo

Textiles Ecuador

International Shipping and Storage


B Braun Medical

Opticas GMO


C Stainweg (Ecuador)

Tiendad Industriales Asociados (TIA)

For over 60 years, Bustamante & Bustamante has been a leader in serving national and international corporate clients doing business in Ecuador. By Andean community standards, the firm is large and includes four senior partners, six partners, 35 associates and over 70 supporting staff members, all largely bilingual. Bustamante & Bustamante was recognized as the Ecuador Law Firm of the Year in 2015 by Who’s Who Legal. In 2012, the firm was the winner in Ecuador of the Chambers Latin American Award for Excellence. Bustamante & Bustamante is consistently rated in Tier 1 by IFRL. The firm has also been recognized by Managing Intellectual Property as a leading law firm for intellectual property matters in Ecuador.

The firm maintains a system of co-operation with law firms throughout the Andean community sub-region, which is particularly important for handling foreign investment and intellectual property matters. Bustamante & Bustamante is a member of MULTILAW, an association of independent law firms in private practice throughout the world, whose purpose is to aid members in serving their international clients. The firm is also a member of The Bomchil Group, an association of Latin American law firms providing services to international clientele. Bustamante & Bustamante is also a member of the International Bar Association, American Society of International Law, INTA, ASIPI, AIPPI, AIJA, LAWASIA, Asia Pacific Bar Association, Global Anti-Counterfeiting and World Services Group.

Main areas of practice
Intellectual property: the firm offers a broad variety of services including trademark and domain name and patent registration, as well as prosecutions, with vast experience in licensing agreements, customs recordals and IP litigation.

Oil and gas: the firm has traditionally provided legal services to global petroleum companies in their investments in Ecuador for upstream, midstream and downstream activities. The firm has been involved in almost all major deals, negotiations with the government and arbitration in Ecuador.

Mergers and acquisitions: Bustamante & Bustamante advises local and international clientele on initial due diligence as well as the subsequent planning and structuring of transactions. The firm has broad experience in representing acquirers and targets in a variety of transactions, including mergers, stock purchases, and recapitalisations for joint ventures, strategic alliances, spin-offs and cross-border deals. The firm represents companies from diverse industries including technology, pharmaceuticals, entertainment, telecommunications, consumer products, and food and beverages.

Taxation: in view of the complexity of tax matters in Ecuador and the growing number of tax litigation cases the firm handles, Bustamante & Bustamante has reinforced its tax department to offer specialized services. The tax department is headed by senior partner and prominent tax expert Juan Carlos Bustamante.

Antitrust: Bustamante & Bustamante has successfully represented various multinationals in antitrust compliance procedures, assisting investors in the mandatory authorization process required for economic concentration operations.

Spanish, English and French

Department Name Email Telephone
Managing partners Juan Carlos Bustamante
Managing partners José Rafael Bustamante
Photo Name Position Profile
Mr Francisco Alvear  photo Mr Francisco Alvear Associate Attorney. Joined the firm in May 2013 and works in the…
Dr Roque Bernardo Bustamante  photo Dr Roque Bernardo Bustamante Senior Partner. Natural resources, including all phases of the hydrocarbons and mining…
Dr Juan Carlos Bustamante  photo Dr Juan Carlos Bustamante Senior Partner. Has provided legal advice in different areas of the law…
Mr Roque Javier Bustamante  photo Mr Roque Javier Bustamante Associate at the Bustamante & Bustamante Law Firm
 Josemaría Bustamante  photo Josemaría Bustamante Senior Partner. Josemaria Bustamante has assisted international clients in: Litigation, Multilateral transactions;…
Dr Francisco Bustamante  photo Dr Francisco Bustamante Partner. Main areas of work comprise civil and commercial contracts, mercantile law,…
 José Rafael Bustamante Crespo  photo José Rafael Bustamante Crespo Partner José Rafael hast experience in M&A activity in Ecuador. He has…
 José Rafael Bustamante Espinosa  photo José Rafael Bustamante Espinosa Managing Partner, Senior Partner. M&A expert. Represented ARCA-EBC Bottling Company in the…
 Juan Felipe Bustamante   photo Juan Felipe Bustamante  Partner/Co-head of the Corporate department
Mrs Ximena Cabezas  photo Mrs Ximena Cabezas Associate. Corporate, Natural Resources, Labor, Environmental. Legal translator from English and French…
 Kléver Chila  photo Kléver Chila Associate Attorney. Specialist in corporate law, the Constitution, the operations of national…
 Sebastián Corral  photo Sebastián Corral Associate Attorney. Corporate Law; M&A; Energy; Oil, Mining & Gas; Alternative Dispute…
Ms Andrea Egas  photo Ms Andrea Egas Associate. Andrea has developed her professional career in both the public and…
Mr David Estrella  photo Mr David Estrella Associate
 Pedro Gómez de la Torre  photo Pedro Gómez de la Torre Associate. Having worked as inhouse attorney at the major players of the telecommunication…
 Kirina González photo Kirina González Senior Associate
Mr Gino Ivich  photo Mr Gino Ivich Junior Associate
Ms Adriana Lasso  photo Ms Adriana Lasso Associate
 José Francisco Mejía  photo José Francisco Mejía Associate Attorney. Joined the Bustamante & Bustamante Law Firm in 2008 as…
 Valentina Morillo photo Valentina Morillo Associate
 María Soledad Noboa  photo María Soledad Noboa Associate
 Lorena Ortíz  photo Lorena Ortíz Associate. Professional practice in tax matters, offering legal advice to individuals and…
 José Daniel Páez  photo José Daniel Páez Associate
 Sebastián Páez  photo Sebastián Páez Associate
 Antonio José Pérez  photo Antonio José Pérez Associate
Dr Clementina Pomar Anta  photo Dr Clementina Pomar Anta Senior Associate. Pursued extensive professional career in Spain and joined the Firm…
 Avelina Ponce photo Avelina Ponce Associate
Dr Patricia Ponce  photo Dr Patricia Ponce Partner
Mr Diego Ponce  photo Mr Diego Ponce Joined the Bustamante & Bustamante Law Firm as paralegal in the year…
Dr Carmen Robayo de Hidalgo  photo Dr Carmen Robayo de Hidalgo Partner of the Firm since 1986. Joined the Bustamante & Bustamante Law…
 María Fernanda Saá-Jaramillo  photo María Fernanda Saá-Jaramillo Member B&B Tax and Competition Departments, 2002-. Head of B&B Guayaquil Office,…
Mr Galo Sanchez  photo Mr Galo Sanchez Associate of the Bustamante & Bustamante Law Firm.
Dr Olinda Vera  photo Dr Olinda Vera Senior Associate. Law careers focuses on civil, labor, and environmental litigation cases.
Other fee-earners : 45
Total staff : 70
INTA - International Trademark Association
World Services Group (WSG)
IBA (International Bar Association)
Global Leaders Forum - Corporate M&A network
Partners : 10

Fabara & Compa??a Abogados is a prominent law firm in Ecuador with a general full-service practice, providing legal services and counsel throughout all of Ecuador to investors and corporations.

Fabara & Compa??a Abogados is renowned not only for the depth and breadth of its legal counsel in every major area of the law relevant to corporations, but also for the extensive experience accumulated by the members of the firm in government, academia and business, as well as for the team’s professionalism, personalized service and accessibility.

The firm

Following the split of a law firm in 1993, Fabara & Compa??a was founded in the city of Quito, Ecuador in 2003, as law offices of general practice with the ambition to reach the highest standards of service and professionalism.

Main areas of practice

Litigation/ADR: the firm handles civil and commercial litigation, administrative proceedings and ADR, enforcement of foreign judgments and awards in Ecuador.

Banking and finance: the firm advises on secured and unsecured credit facilities, sovereign and sub-sovereign credit, trade finance leasing transactions, vendor and leveraged lease financings, structured finance, project finance, buyouts, acquisition finance and bank regulatory matters.

Telecommunications: the firm is extremely active in this field, acting on behalf of telecommunications and TV satellite companies.

Energy and mining: the firm has advised several multinationals involved in the energy sector and gas and power industries. The firm is also at the forefront of protecting foreign investors interested in unlocking Ecuador’s enormous mining potential.

Corporate/M&A: working for a wide commercial spectrum, the firm deals with all corporate matters. It has extensive experience in M&A transactions, assisting sellers, buyers and financiers in all stages, from initial due diligence and negotiation to close of transaction. It is also actively involved in corporate litigation.

International trade: the firm advises on a wide range of transactions, covering the application of bilateral and multilateral trade agreements and regulations to safeguards, subsidies and technical obstacles to trade.

Government procurement/public contracting and concessions: in Ecuador this area is subject to special, sometimes obscure and arcane, laws and regulations which need to be strictly observed. The firm has expertise second to none, as well as extensive relations with regulators.

Insurance: the firm’s specific expertise in insurance has gained it the trust of some of the key players, both national and foreign.

Intellectual property: the firm handles IP protection and management, transfer of technology and license agreements, and international franchising agreements and licensing. It also advises on the protection of patents, utility models and ornamental design rights, general trademark matters and worldwide trademark protection.

Labor and employment: the firm advises on restructuring collective bargaining and government/union negotiations, as well as employee stock options and benefit plans. It also handles litigation.

Taxation: the firm advises on tax-efficient structures for domestic and international transactions.

Department Name Email Telephone
Antitrust and competition María Rosa Fabara E:
Antitrust and competition Diego Ramírez E:
Banking and finance Diego Ramírez E:
Corporate and M&A María Rosa Fabara
Corporate and M&A Diego Ramírez
Corporate and M&A Mariana Villagómez E:
Foreign investment María Rosa Fabara
Foreign investment Diego Ramírez
Insurance Mariana Villagómez
Intellectual property María Rosa Fabara
Intellectual property Pablo Fabara E:
Labor and employment Francisco Vacas E:
Litigation and ADR María Rosa Fabara
Litigation and ADR Mariana Villagómez
Tax María Rosa Fabara
Tax Diego Pino E:
Other fee-earners : 35
Total staff : 96
Partners : 4