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

Noboa, Peña & Torres, Abogados

Ecuador > Corporate and M&A Tier 2

Marcelo Torres, who ‘shows a commitment to the interests of the client‘, leads the team at Noboa, Peña & Torres, Abogados together with Patricia Marchán, who ‘provides excellent service'. Together, the pair have over 30 years of experience in the commercial field between them. The team takes a multidisciplinary approach to draw on the expertise of dispute resolution expert Gonzalo Noboa Baquerizo and Francisco Larrea, who was promoted to partner in March 2023 and is a key contact for the group’s energy work, such as shareholder agreements and purchase agreements. The group is based in the firm’s offices in Quito and Guayaquil.

Practice head(s):

Marcelo Torres; Patricio Peña


‘It has a team of lawyers from various specialties.’ 

‘Marcelo Torres shows a commitment to the interests of the client. Patricia Marchán provides excellent service.’

‘The qualities of the partners are extraordinary.’

Key clients

Valcofe Group

Barry Callebaut Ecuador

Minutocorp Group

Empresa Pesquera Polar


Soderal Sociedad de Destilación de Alcoholes



Sociedad Nacional de Galápagos


Work highlights

  • Advised Valcofe Group on the acquisition of an agribusiness project in Playas-Ecuador.
  • Advised Soderal Sociedad de Destilación de Alcoholes on the subscription of a contract for the supply of ethanol to Petroecuador.
  • Advised Barry Callebaut on the due diligence, negotiation and acquisition processes of 640 hectares of cocoa farms for the project Farms of the Future.

Ecuador > Dispute resolution Tier 2

Operating out of both Quito and Guayaquil, Noboa, Peña & Torres, Abogados‘ practitioners ‘have a lot of experience in dispute resolution‘ and often work on complex litigation. Its clients stem from the telecoms, oil and gas, energy and infrastructure sectors, among others, and include Banco Pichincha, the largest private bank in Ecuador. With over 30 years’ experience in dispute resolution, experienced civil litigator Gonzalo Noboa Baquerizo leads the team and is well supported by associate Margarita Vélez Casanova, who is valued by clients for her constitutional, administrative, civil and family law and arbitration expertise.

Practice head(s):

Gonzalo Noboa Baquerizo


‘Excellent professionals.’

‘They have a lot of experience in dispute resolution.’

‘Noboa Peña y Torres is a very complete law firm. They have lawyers very focused on litigation.’

‘The quality of services provided especially by the partners of the firm, Gonzalo Noboa, Marcelo Torres, Margativa Velez, Patricio Pena, all especially professional, talented lawyers with a lot of vision for the needs of their clients.’

Key clients




Unión de Bananeros Ecuatorianos

DHL Express

Banco Pichincha

Banco Internacional



Nutec America Costa Rica

Soderal Sociedad de Destilación de Alcoholes

Mexichem Ecuador

ABL Pharma

Montachem International


Adecco Ecuador

Work highlights

  • Represented ABL Pharma in a civil lawsuit for moral damages in which it had been sued.
  • Represented Banco Internacional in several cases for the recovery of outstanding amounts from companies and individuals in the city of Guayaquil.
  • Represented Otecel in a lawsuit for damages initiated by Alomil that has gone through multiple judicial instances.

Ecuador > Labour and employment Tier 3

Led out of Guayaquil and Quito by Marcelo Torres and Patricio Peña Romero, respectively, the labour practice at Noboa, Peña & Torres, Abogados focuses on employment contracts and terminations, with further emphasis on contentious and mediation processes. The team is also well versed in collective bargaining agreements and communication with trade unions. Torres specialises in labour matters arising out of M&A transactions, while Peña Romero – a member of the board of directors of the Ecuadorian American Chamber of Commerce in Quito – advises clients on several aspects of employment law. Associate Juan Soria is another key contact in Guayaquil, active in social security matters. The department welcomed associate Alejandra Cháves, who joined in July 2022 from the specialised labour chamber of the National Court of Justice.

Practice head(s):

Marcelo Torres; Patricio Peña Romero


‘Patricio Peña Romero is a very professional person and one who trusts his team’s follow-up on the cases.’

‘It is a team that listens to their clients’ needs and delivers the required solutions.’

‘Excellent service, immediate response, personalised treatment, efficient with their responses.’

‘The treatment is very friendly and highly respectful, everyone on the team is very transparent, as professionals and people: a 10!’

Work highlights

Ecuador > Tax Tier 3

The tax department at Noboa, Peña & Torres, Abogados features a multidisciplinary team noted for its expertise in the design of tax structures, with the group primarily sought by clients in the industrial, construction and agro-industrial sectors. Further areas of expertise include lawsuits, transfer pricing and the assessment of tax components in complex transactions, with practice head Patricio Peña Romero in particular applying knowledge gained at his previous roles at the national tax authority and Constitutional Court. Associate practice director Andrés Cortez adds 20 years of experience in national and international tax planning, while Verónica Zambrano draws on 12 years spent at the SRI to act on tax control and compliance issues.

Practice head(s):

Patricio Peña Romero


‘The team stands out for its collaboration.’

‘They stand out for their commitment to their clients and to solving problems.’

‘The firm has experience in several tax cases, in addition to knowing the accounting and tax team of the company, it allows obtaining the information to support the cases or claims efficiently.’

‘The personalised attention between the teams makes communication more fluid and assertive, there is the possibility of crossing ideas.’

Work highlights

Ecuador > Energy and natural resources Tier 4

Commended for its ‘knowledge of the oil and gas market in Ecuador and good relationships with the different government offices’, Noboa, Peña & Torres, Abogados has experience in public bids, in addition to a range of matters affecting the power, renewable energy and mining sectors. Senior associate Francisco Larrea heads the team, and founding partner Patricio Peña Romero is another key contact, particularly for cross-border transactions. Former partner Rafael Pástor left the firm in February 2022.

Practice head(s):

Francisco Larrea


‘Good client service and availability when we have emergencies.’

‘Knowledge of the oil and gas market in Ecuador and good relationships with the different government offices.’

Key clients

Cobra Instalaciones y Servicios



Cobra Oil & Gas

Santa Elena Petroleum Santalenapetro



Lubricantes Internacionales


Champion Tecnologies

Work highlights

  • Advising Cuyabenopetro and Cobra Oil & Gas on the negotiation and execution of a contract term extension for five additional years, and with approximately $60m investment.
  • Advising Grupo Cobra on the execution and construction of a wind-powered generation project, which starts after a public selection process.
  • Advising Santa Elena Petroleum Santalenapetro on ongoing operations, including the drilling and completion of wells in respective 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.

Department Name Email Telephone
Founding partner. Dispute Resolution, Antitrust, Commercial. Gonzalo Noboa B. +593 4 2300814
Founding partner. Banking & Finance, Antitrust, Commercial. Patricio Peña R. +593 2 2970193
Founding and managing partner. Commercial, Labour, Arbitration. Marcelo Torres +593 4 2300814
Director of the Dispute Resolution practice. Margarita Vélez +593 4 2300814
Director of Oil & Gas and Energy. Francisco Larrea +593 2 2970193
Director of the Tax practice. Andrés Cortez +593 2 2970193
Photo Name Position Profile
Gisell  Delgado photo Adv Gisell Delgado Senior Associate
Rafaela  González  photo Adv Rafaela González Senior Associate
Juan Jose Hidalgo photo Adv Juan Jose Hidalgo Partner
Maria Auxiliadora Mantilla photo Adv Maria Auxiliadora Mantilla Associate
Patricia Marchán photo Adv Patricia Marchán Senior Associate
Carolina Molina photo Adv Carolina Molina Senior Associate
Gonzalo Noboa B. photo Adv Dr Gonzalo Noboa B. Founding partner
Gonzalo Noboa K. photo Adv Gonzalo Noboa K. Senior Associate
Marcelo Torres photo Adv Marcelo Torres Founding partner
Rocio Torres photo Adv Rocio Torres Associate
Margarita Vélez photo Adv Margarita Vélez Director of the Dispute Resolution practice, Senior Associate
Verónica Zambrano photo Adv Verónica Zambrano Senior Associate
Paula Zambrano photo Adv Paula Zambrano Associate
Partners : 5
Directors : 2
Associates : 15
Administrative : 20
Ibero-American Legal Network