Firm Profile > Pérez Bustamante & Ponce > Quito, Ecuador

Pérez Bustamante & Ponce

Banking and finance Tier 1

Pérez Bustamante & Ponce has experience in acting for private and multilateral development banks on loan structuring as well as advising financial institutions on regulatory matters, while anti-money laundering and assistance with combating the financing of terrorism are other areas of strength. Practice head Bruno Pineda, together with senior associate Natalia Almeida Oleas, acted as local counsel for the initial purchasers, comprising of Deutsche Bank, JP Morgan and Credit Suisse, on a $3bn bond issuance concerning a government programme. Other highlights include advising DP World on the $500m financing of the deep water ports of Posorja.

Corporate and M&A Tier 1

Pérez Bustamante & Ponce's corporate practice has an excellent reputation in the market. The firm's 30-strong team of lawyers is led by Diego Pérez-Ordoñez. He advised Royal Caribbean Cruises on the local law aspects of the $1bn acquisition of a majority equity stake in Silversea Cruises. He was also the lead partner in a team acting as local counsel for QBE Insurance on the  acquisition of its Latin American business by Zurich Insurance. Other names to note include Juan Manuel Marchán, who is well versed in project finance, and senior associate Andrés Brown-Pérez. The group is also able to draw on its tax expertise and Juan Gabriel Reyes and Carmen Simone-Lasso -who was raised to the partnership in January 2020- are the key names in this space.

Dispute resolution Tier 1

Pérez Bustamante & Ponce is highly regarded for its experience in disputes across a variety of sectors, particularly in energy, consumer goods, pharmaceutical and construction. The team also has a strong track record in constitutional law cases. Practice co-heads Rodrigo Jijón-Letort and Juan Manuel Marchán successfully acted as local counsel for two claimants, Cayman International Exploration Company and Teikoku Oil, in an investment arbitration case against the Ecuadorian government. Other work saw the team representing ACS Group in several disputes against PetroEcuador regarding the unlawful termination of service agreements. Edgar Ulloa Balladares is experienced in procedure and civil disputes, while Edgar Acosta specialises in administrative law and public contracts. Other key team members include senior associates José David OrtizMaría Isabel Aillón and Patricio Quevedo.

Energy and natural resources Tier 1

The highly regarded team at Pérez Bustamante & Ponce covers the full gamut of energy work spanning mining, oil and gas, electricity and renewables matters. The team stands out in particular for its tax and compliance expertise. Practice co-head Sebastián Pérez Arteta advises mining company Codelco on project structuring and negotiations with state-owned company Enami. Senior associate María Isabel Aillón-Vásconez assists the same client with mining law and regulations as well as handling commercial work. Francisco Roldán-Cobo, who jointly leads the group with Pérez Arteta, was part of a team advising Repsol and Andes Petroleum Ecuador on various tax amnesty matters. Jaime Zaldumbide is well versed in oil and mining questions while Rodrigo Jijón is experienced in energy disputes. Other key team members include Édgar Acosta Grijalva and associate Patricio Albuja, who joined in April 2018 from Bracewell LLP.

Labour and employment Tier 1

Pérez Bustamante & Ponce has a well respected labour, employment and immigration team, which is led by Diego Palacios and Javier Salvador; the latter is advising Lundin Gold on a variety of matters, including the design of employment agreements, internal HR policies and obtaining government approval for surface and underground special work shifts. Salvador also acts for Nokia in a labour dispute pertaining to the alleged wrongful dismissal of a former Latam senior executive. Other clients include Avianca, Philip Morris International and BHP Billiton. Senior associate Belén Jaramillo-Álvarez is well versed in conflict prevention and labour litigation. Edgar Acosta and associate Julián Contreras-Lebed are also noted.

Real estate Tier 1

Pérez Bustamante & Ponce fields a team of experienced lawyers, who are regularly involved in significant transactions, project finance, and public projects. Practice co-head Sandra Reed is particularly well versed in infrastructure matters; she is currently advising Corporación Quiport on its extension of airport facilities and other projects. Juan Manuel Marchán led a team handling the structuring and negotiation for DP World's $503m financing of the Deepwater ports of Posorja. Practice co-head Diego Pérez-Ordoñez and Juan Gabriel Reyes advised Arca Continental on the construction process of a new plant in Mejía County. Edgar Acosta, senior associate Nicolás Maldonado and associate Estefanía López are other key contacts.

Tax Tier 1

Pérez Bustamante & Ponce's highly-regarded tax team has been particularly active recently advising on tax amnesty and tax matters concerning mergers and acquisitions. Practice co-head Juan Manuel Marchán and director Carmen Simone-Lasso advised DP World Posorja on the immediate and long-term tax implications of the financing structure for the $377m development of the Posorja port. Other work includes acting for Arca in filing a claim against the IRS relating to a special consumption tax audit. Marchán co-leads the team with María Rosa Guerra. Other key-figures include Juan Gabriel Reyes, director Juan Francisco Carrasco and senior associate Nicolás Maldonado. Moreover, in early September 2019, the firm welcomed back José Proaño after four years at PriceWaterhouseCoopers; largely responsible for the development of the PBP's tax department prior to his departure, Proaño is a commercial engineer and chartered accountant as well as a lawyer, and also advises on financial matters. Since publication, practice directors Simone-Lasso and Carrasco have both been raised to the partnership, effective January 2020.

Competition and antitrust Tier 2

The six-strong team at Pérez Bustamante & Ponce is jointly led by Francisco Roldán and Diego Pérez-Ordoñez; it is regularly instructed in abuse of dominance, cartel, state aid and litigation cases, among others. The group saw significant work in the insurance sector. It handled the merger control filing for QBE Insurance, which was acquired by Zurich Insurance, as well as for AIG relating to its acquisition of reinsurer Validus. General Motors, Citibank and Halliburton are among its new clients. Senior associate Mario Navarrete, who advises companies on competition regulations, is also noted; but Luis Marin Tobar, formerly a key contact on the contentious side, left for Lexvalor Abogados in November 2019.

Intellectual property Tier 2

Pérez Bustamante & Ponce handles the full spectrum of work in this area, including patents, copyright, industrial design, trade marks, trade names, anti-counterfeiting and customs training, among others. Francisco Pérez-Gangotena, together with senior associate Luis Marín-Tobar and associate Camila Mateus, represented Paramount International Export in the protection of its trade mark 'Fiji' in Ecuador after an identical trade mark application was filed. The group also acted for Amazon Technologies on several trade mark registrations including that of its 'Alexa' virtual assistant. Other work includes handling a variety of IP matters for BASF, Citigroup and American Airlines. Senior associate Rafael González and associates Juan Manuel Baquero and Hugo López-Jijón are other names to note. However, since publication Marín-Tobar has left the firm to join Lexvalor Abogados.

Latin America: International firms > International arbitration > Local practitioners of note (by country)

Coronel & Pérez's 'highly experiencedCésar Coronel Jones and Hernán Pérez Loose act as counsels and arbitrators. At FERRERE EcuadorJavier Robalino Orellana is 'impressive in his ability to deliver advice and propose innovative and practical solutions to legal problems' and is 'particularly business-minded'. Orellana handles ICSID, ICC, and UNCITRAL proceedings as well as acting as an arbitrator. Rodrigo Jijón-Letort and Juan Manuel Marchán are the key names to note in Pérez Bustamante & Ponce; both have notable expertise in investor-state arbitration and commercial disputes. Xavier Andrade at Andrade Veloz Abogados is also highly recommended, with particular expertise in the construction and mining sectors.


PBP is the largest firm in Ecuador, consistently considered a leader in the legal market and a trusted advisor for national and international clients. It has offices in Quito and Guayaquil and outreach throughout Ecuador.

PBP endeavors to understand clients’ challenges and needs. Its multi-practice teams – integrating expertise in 17 practice areas – have an industry focus and an in-depth understanding of the specific challenges of each sector. This has been evidenced by PBP`s track record as reliable legal advisors for most of the important projects that have taken place in Ecuador, as well as the most significant transactions.

PBP’s team has both local and international experience. Several members have attended renowned local and international universities and have worked at first-rate law firms around the world. Furthermore, a number of its attorneys have been admitted to practice in the State of New York, District of Columbia, Spain, Chile, Colombia and other jurisdictions.

PBP has steadily been honored as Ecuadorian Firm of the Year by Chambers Latin America (2017, 2016, 2015, 2014, 2013, 2011, 2010 and 2009) and by Who’s Who Legal (2018, 2017, 2016, 2014, 2013, 2012, 2011 and 2010).

Social responsibility is a part of its professional culture. Through the Fabian Ponce O Foundation (FPO), founded in 1987, the firm encourages and optimizes its social responsibility work. It represents fair causes with an emphasis on family law.

PBP strives to be an increasingly inclusive firm and endeavors to promote the leadership and professional development of women.

Main areas of practice

PBP offers a comprehensive portfolio of international services:

International arbitration: the highly specialized team has extensive experience in ICSID and ICC cases.

Tax: PBP’s tax unit is one of its core practice areas. With a multidisciplinary focus it provides private and corporate clients with tax advice, planning and representation in litigation and claims.

Banking, finance and insurance: the firm assists foreign and local banks and multilaterals and insurers and reinsurers in their activities in Ecuador.

Energy and natural resources: PBP has led the negotiation, signing and implementation of major projects in Ecuador’s oil, gas, mining, hydroelectric and alternative energy industries.

Mergers and acquisitions: the firm is at the forefront of structuring and executing mergers and acquisitions. They actively participate in multinational teams and work closely with international law firms.

Infrastructure and project finance: infrastructure has been a very active area for PBP during the past years, especially regarding greenfield and public-private partnership projects.

Competition and antitrust: the team specialize in merger control authorizations and in non-transactional work, including investigations, due diligence and litigation before the local antitrust authority.

Compliance and anti-corruption: PBP is a pioneer in the region in this area. It advises local and foreign clients in all compliance matters, including design and implementation of compliance programs, pre-acquisition corruption risk assessments, compliance due diligence, internal investigations, remediation and litigation.

Labor and immigration: PBP advises clients on how to face and adapt to the growing demands of recently enacted regulations in this area, including employment, social security and immigration issues.

Intellectual property: PBP`s IP practice combines a long track record with a dynamic and up-to-date team of experts. It is best known for handling local and/or foreign trademark portfolios, dispute resolution and IP due diligence processes.

Department Name Email Telephone
Commercial/M&A Diego Pérez-Ordóñez E:
Energy Pérez-Arteta E:
Litigation/ADR Rodrigo Jijón E:
Infrastructure/projects Sandra Reed E:
Banking/finance Bruno Pineda E:
Tax Juan Gabriel Reyes E:
Environmental Jaime Zaldumbide E:
Photo Name Position Profile
Adv Edgar Acosta-Grijalva  photo Adv Edgar Acosta-Grijalva
Adv Hugo Aguiar-Lozano  photo Adv Hugo Aguiar-Lozano
Adv Maria Isabel Aillon-Vasconez  photo Adv Maria Isabel Aillon-Vasconez
Adv José Manuel Albornoz  photo Adv José Manuel Albornoz
Adv Patricio Albuja-Jijón  photo Adv Patricio Albuja-Jijón
Adv Natalia Almeida-Oleas  photo Adv Natalia Almeida-Oleas
Adv Diego Alvarez de la Vega  photo Adv Diego Alvarez de la Vega
Adv David Bermeo Barba  photo Adv David Bermeo Barba
Adv Jose Elias Bermeo-Barba  photo Adv Jose Elias Bermeo-Barba
Adv Jenny del Rocio Bolaños-Silva  photo Adv Jenny del Rocio Bolaños-Silva
Adv Andrés Brown-Pérez  photo Adv Andrés Brown-Pérez
Adv Juan Francisco Carrasco-Velasco  photo Adv Juan Francisco Carrasco-Velasco
Adv David Carrera-Dávila  photo Adv David Carrera-Dávila
Adv Cristhian Carrera-Lucio  photo Adv Cristhian Carrera-Lucio
Adv Daniela Cascante-Sáenz  photo Adv Daniela Cascante-Sáenz
Adv Jorge Cevallos-Jácome  photo Adv Jorge Cevallos-Jácome
Adv Sandra Cevallos-Polit  photo Adv Sandra Cevallos-Polit
Adv Cynthia Chiriboga-Freire  photo Adv Cynthia Chiriboga-Freire
Adv Federico Chiriboga-Vasconez  photo Adv Federico Chiriboga-Vasconez
Adv Ana Isabel Cobo Ordóñez  photo Adv Ana Isabel Cobo Ordóñez
Adv Carlos Fernando Dassum-Barrera  photo Adv Carlos Fernando Dassum-Barrera
Adv Raúl De la Torre-Prado  photo Adv Raúl De la Torre-Prado
Adv Alondra Escovar-Páez  photo Adv Alondra Escovar-Páez
Adv Rafael Gónzalez-Gómez de la Torre  photo Adv Rafael Gónzalez-Gómez de la Torre
Adv Juan Francisco González-Guarderas  photo Adv Juan Francisco González-Guarderas
Adv Arturo Griffin Valdivieso  photo Adv Arturo Griffin Valdivieso
Adv Johnny Guerra Cedeño  photo Adv Johnny Guerra Cedeño
Adv Mateo Guevara Ruales  photo Adv Mateo Guevara Ruales
Adv Belén Jaramillo-Álvarez  photo Adv Belén Jaramillo-Álvarez
Adv Javier Jaramillo-Troya  photo Adv Javier Jaramillo-Troya
Adv Jeannette Jarrin-Sevilla  photo Adv Jeannette Jarrin-Sevilla
Adv Alegría Jijón-Andrade  photo Adv Alegría Jijón-Andrade
Adv Rodrigo Jijón-Letort  photo Adv Rodrigo Jijón-Letort
Adv Robinson Justicia-Guaicha  photo Adv Robinson Justicia-Guaicha
Adv Hugo J. Lopez-Jijon  photo Adv Hugo J. Lopez-Jijon
Adv Estefania Lopez-Verdu  photo Adv Estefania Lopez-Verdu
Adv Luis Marín-Tobar  photo Adv Luis Marín-Tobar
Adv Gustavo Marcalla-Maila  photo Adv Gustavo Marcalla-Maila
Adv Juan Manuel Marchán-Maldonado  photo Adv Juan Manuel Marchán-Maldonado
Adv Rafaela Marcos Roldán   photo Adv Rafaela Marcos Roldán 
Adv Camila Mateus-Villagómez  photo Adv Camila Mateus-Villagómez
Adv Camilo Muriel-Bedoya  photo Adv Camilo Muriel-Bedoya
Adv Mario Navarrete-Serrano  photo Adv Mario Navarrete-Serrano
Adv José David Ortiz-Custodio  photo Adv José David Ortiz-Custodio
Adv Alejandro Páez-Vallejo  photo Adv Alejandro Páez-Vallejo
Adv Soraya Pérez  photo Adv Soraya Pérez
Adv Ricardo Pérez-Ararrázabal  photo Adv Ricardo Pérez-Ararrázabal
Adv José María Pérez-Arteta  photo Adv José María Pérez-Arteta
Adv Sebastián Pérez-Arteta  photo Adv Sebastián Pérez-Arteta
Adv Francisco Pérez-Gangotena  photo Adv Francisco Pérez-Gangotena
Adv Diego Pérez-Ordoñez  photo Adv Diego Pérez-Ordoñez
Adv Diego Palacios-Brito  photo Adv Diego Palacios-Brito
Adv Rodrigo Pesantes-Saénz  photo Adv Rodrigo Pesantes-Saénz
Adv Bruno Pineda-Cordero  photo Adv Bruno Pineda-Cordero
 Adv Jose Proaño Bustamante  photo Adv Jose Proaño Bustamante
Adv Roberth Puertas-Ruiz  photo Adv Roberth Puertas-Ruiz
Adv Patricio Quevedo-Vergara  photo Adv Patricio Quevedo-Vergara
Adv Sandra Reed-Serrano  photo Adv Sandra Reed-Serrano
Adv Juan Gabriel Reyes-Varea  photo Adv Juan Gabriel Reyes-Varea
Adv Francisco Roldán-Cobo  photo Adv Francisco Roldán-Cobo
Adv Andrés Rubio Puente  photo Adv Andrés Rubio Puente
Adv José María Rumazo-Arcos  photo Adv José María Rumazo-Arcos
Adv Rodrigo Salazar-Borja  photo Adv Rodrigo Salazar-Borja
Adv Carlos Salazar-Toscano  photo Adv Carlos Salazar-Toscano
Adv Javier Salvador-Soto  photo Adv Javier Salvador-Soto
Adv Tatiana Silva-Rubio  photo Adv Tatiana Silva-Rubio
Adv Carmen Simone-Lasso  photo Adv Carmen Simone-Lasso
Adv Edgar Ulloa-Balladares  photo Adv Edgar Ulloa-Balladares
Adv Ricardo Velasco Cuesta  photo Adv Ricardo Velasco Cuesta
Adv Jaime Zaldumbide-Serrano  photo Adv Jaime Zaldumbide-Serrano
Adv Mónica Zamora-Endara  photo Adv Mónica Zamora-Endara
Other fee-earners : 79
Total staff : 95
Partners : 15