Noboa, Peña & Torres, Abogados > Quito, Ecuador > Firm Profile

Noboa, Peña & Torres, Abogados
Av. República de El Salvador N36-230 & Av. Naciones Unidas
Edificio Citibank, Piso 2

Ecuador > Corporate and M&A Tier 2

Working from its offices in Quito and Guayaquil, Noboa, Peña & Torres, Abogados’ corporate practice is co-led by firm managing partner Patricio Peña (corporate and commercial law, M&A, capital markets, and banking & finance) in the capital; and Marcelo Torres (corporate and commercial law, M&A, and labour matters) in the country’s key industrial base, the port city of Guayaquil. The team handles a broad range of corporate and commercial work, with a focus on restructuring, governance, and financing agreements – although, M&A also represents a key area of work for the firm.  At the associate level, key support comes from corporate and commercial law focused senior Patricia Marchán, with fellow senior Francisco Larrea  and María Elena Sanmartín -both of whom primarily focus on oil, gas and power matters- also active members of the corporate practice group.

Practice head(s):

Patricio Peña; Marcelo Torres


‘The attention of its lawyers is personalized to our operations. NPT staff is involved from the beginning until the case is closed.’

‘Very good legal support in corporate legal matters.’

‘Patricio Peña has very solid knowledge and experience, very good contacts in the public and private environments, proactive and in good timing advise.’

‘Excellent coordination and definition of the legal strategy.’

‘The office is very well connected centrally, it has prestigious and recognized lawyers.’

‘Analytical, subject matter experts and thorough.’

Key clients

Heineken International

Grupo Produfuente

Asociación de Productores de Biocombustibles del Ecuador

Pinturas Unidas

Comercializadora Nutrimed


Iván Bohman

Transfuel Group




Inversiones BalesiaTowers


Inmobiliaria Omicron

Solubles Instantaneos

Barry Callebaut

Asociación De Empresas De Courier Asemec

Sociedad De Inversiones F Y A


Sociedad Nacional De Galapagos

Expalsa Exportadora De Alimentos


Grupo Cobra

Banco Santander

Banco Latinoamericano De Comercio Exterior

Zurich Ecuador


Quanta Services

Cisco Systems

Herdoiza Crespo Construcciones


Carlita Snacks Carlisnacks

Trenes Caf Venezuela


Dhl Express


Laboratorios Industriales Farmacéuticos Ecuatorianos, Life

Soderal Sociedad de Destilación De Alcoholes

Plásticos Del Litoral Plastlit

Grupo Holco

Grupo Corpesa

Unión Ferretera



Pesquera Polar

Llorente & Cuenca

Etfs Capital

Goldman Sachs

Roddome Pharmaceutical


Federación Nacional de Azucareros del Ecuador


Global Ratings

Laboratorios Biomont


Grupo Jácome

Santa Elena Petroleum

Work highlights

  • Advised Exposynergy in carrying out the subscription process of an investment contract between Exposynergy and the Ecuadorian State.
  • Advised Nature Barrels on an NFT merchandise project, with a strong focus on sustainability, to be released in 2022.

Ecuador > Dispute resolution Tier 2

With a presence in Quito and Guayaquil, Noboa, Peña & Torres, Abogados acts in a range of litigation and has a particular focus on tort-related claims arising in the context of civil and commercial cases. Name partner Gonzalo Noboa leads the team and has over 30 years' experience in the dispute resolution arena - particularly in civil litigation with a focus on defamation, unfair competition, and contract disputes. Working alongside him is Patricio Peña Romero, an expert in financial disputes and asset recovery cases. Other key figures include practice directors (of the dispute resolution and oil-and-gas practices, respectively), Margarita Vélez, who handles constitutional, administrative, civil and family litigation, as well as arbitration); and Francisco Larrea, whose practice includes local and international litigation and arbitration related to the hydrocarbons and projects sectors).

Practice head(s):

Gonzalo Noboa

Ecuador > Labour and employment Tier 3

The labour and employment team at Noboa, Peña & Torres, Abogados is active in advisory matters as well as mediation and litigation, with a notable focus on employee termination mandates. Another key area for the firm is trade union relations, where it acts for clients in a range of negotiations in relation to collective bargaining agreements. Leadership of the practice is divided between Patricio Peña, an expert in the employment aspects of corporate restructurings; and Marcelo Torres, who is noted for his labour advice in relation to M&As.

Practice head(s):

Patricio Peña; Marcelo Torres

Key clients

Laboratorios Industriales Farmacéuticos Ecuatorianos


Grupo Corpesa


Champion Technologies del Ecuador

Panamericana Vial Panavial

Llorente & Cuenca

Empresa Pesquera Polar

Corporación Ecuatoriana de Aluminio

Nestlé Ecuador

DHL Express Ecuador

Adecco Group

Ecolab Ecuador


Barry Callebaut Ecuador


Roddome Pharmaceutical



Sudamericana Integral de Construcciones

Mexichem Ecuador

Ciscosystems Ecuador

Ecuador > Tax Tier 3

The tax team at Noboa, Peña & Torres, Abogados focuses on transfer pricing, the tax aspects of corporate transactions, and the design and implementation of efficient tax structures for new businesses. Led by Patricio Peña Romero, the practice also acts for its clients in a range of disputes, with Gonzalo Noboa Baquerizo also noted as a key contact in this respect. With 15 years' experience, associate practice director Andrés Cortez handles national and international tax planning, M&A-related tax advisory and planning, and corporate restructuring; he also has solid knowledge of transfer pricing and an active role in litigation. Associate Verónica Zambrano spent 12 years at the SRI and has experience in tax control and compliance, tax litigation and advisory, criminal tax, and constitutional and contentious-administrative matters.

Practice head(s):

Patricio Peña

Ecuador > Energy and natural resources Tier 4

Noboa, Peña & Torres, Abogados has endured a difficult year with the departure of environmental partner Rafael Pástor (to establish Guayaquil-based boutique, Pástor Estudio Jurídico Ambiental) in March 2022, followed by the loss of associate María Elena Sanmartín   who moved in house at Grupo Cobra the following month. These losses notwithstanding, the practice remains afoot due to the drive of associate director Francisco Larrea, who has expertise in corporate structuring, project financing and particularly, both transactions and dispute resolution in the energy and oil-and-gas sectors. The firm’s broad service offering also allows it to support its oil, gas and mining industry clients on a range of tax, labour, corporate and regulatory matters.

Practice head(s):

Francisco Larrea


‘They know the O&G sector in Ecuador.’

‘They have experience in the commercial part for the acquisition of O&G goods and services.’

‘Availability to meet the requirements of the sector.’

Key clients

Cobra Instalaciones y Servicios



Cobra Oil & Gas

Santa Elena Petroleum Santalenapetro





Work highlights

  • Advised Cuyabenopetro and Cobra Oil & Gas in ongoing operations, as well as the negotiation and execution of a contract term extension for 5 additional years, and $60m investment.
  • Advised Grupo Cobra in the bidding processes for the design, construction, operation and maintenance of non-renewable energy generation project “Villonaco II y III”.
  • Advised Santa Elena Petroleum in ongoing operations during Covid-19 pandemic, which includes drilling and completing wells in oil fields.

With over 20 years of experience in the Ecuadorian legal market, Noboa, Peña & Torres, Abogados is a leading law firm that stands out for its high standard of professionalism, ethics, and constant search for innovative solutions, which are provided nationwide through its two strategically located offices in the cities of Quito and Guayaquil.

The firm has in-depth knowledge and experience in sophisticated transactions, involving both national and international matters and is well-recognized for its provision of legal services to clients ranging from Fortune 500 enterprises to entrepreneurs. Clients value the firm’s capability to deliver solid, creative, effective and cost-efficient legal advice based on their needs and goals.

Noboa, Peña & Torres, Abogados is also a founding partner of the Ibero-American Legal Network (Red Legal Iberoamericana), an alliance of prestigious Ibero American Law Firms with 21 offices in 18 countries, having as main objective the creation of business opportunities for clients in those jurisdictions.

Founding partner. Dispute Resolution, Antitrust, Commercial. Gonzalo Noboa 4 2300814
Founding partner. Banking & Finance, Antitrust, Commercial. Patricio Peña 2 2970193
Founding and managing partner. Commercial, Labour, Arbitration. Marcelo 4 2300814
Director of the Dispute Resolution practice. Margarita Vé 4 2300814
Director of Oil & Gas and Energy. Francisco 2 2970193
Director of the Tax practice. Andrés 2 2970193
Jorge Luis Carrión photoAdv Jorge Luis CarriónSenior Associate
Andrés Cortez photoAdv Dr Andrés CortezDirector of the Tax Practice, Senior Associate
Andrés Egas photoAdv Andrés EgasAssociate
Henry Gaibor photoAdv Henry GaiborSenior Associate
Carolina Izurieta photoAdv Carolina IzurietaSenior Associate
Francisco S. Larrea photoAdv Francisco S. LarreaDirector of the Oil & Gas and Energy practice
Fabián Patricio Peña A. photoAdv Fabián Patricio Peña A.Senior Associate, leader of the Real Estate Practice
Patricio Peña R. photoAdv Dr Patricio Peña R.Founding partner
Partners : 3
Directors : 3
Associates : 11
Administrative : 20