Flor Bustamante Pizarro Hurtado Abogados > Quito, Ecuador > Firm Profile

Flor Bustamante Pizarro Hurtado Abogados Offices

Flor Bustamante Pizarro Hurtado Abogados
6 de Diciembre Ave. E10A and Juan Boussingault St., 6 Tower
8th floor, 803, 805 and 806 offices
Ecuador
Visit website (+593) 2 394 1050

Profiles

Flor Bustamante Pizarro Hurtado Abogados > The Legal 500 Rankings

Ecuador > Energy and natural resources Tier 1

Flor Bustamante Pizarro Hurtado Abogados‘ sizeable natural resources and energy practice displays ‘strong experience and knowledge of the mining industry’. This expertise extends to both regulatory and transactional matters, with its practitioners having handled a range of financing transactions in 2022. Andres Ycaza stands out in this regard and leads the overall team alongside Roque Bustamante and Mario Flor, who was one of the pioneers in renewable energy projects in Ecuador. More generally, the team is noted for its wealth of experience in energy matters, and Bustamante is extremely experienced in the oil and gas and mining sectors. Another key team member is Agustin Hurtado Larrea, who is particularly active in the oil and gas industry.

Practice head(s):

Roque Bustamante; Mario Flor; Andrés Ycaza

Testimonials

‘They have the ability to adapt to the speed requested by our company at different times. They show commitment and professionalism.’

‘They know our values.’

‘It is a team with a lot of experience.’

‘Timely and effective advice. Strong relationship with decision makers. Experience and knowledge of the mining industry (particularly Andrés Ycaza).’

Key clients

Newcrest Mining

Anglo American

South 32

Geopark

Remedy Energy

Wheaton Precious Metals

Halliburton

Primax

Dundee Precious Metals

Atico Mining

Sunstone Metals

Olympic / Zeus Energy

Andes Petroleum Ecuador

Voltalia

Solarpack

Goldwind

Work highlights

  • Advised Voltalia on several public and private renewable energy projects for a deal value of $100m.
  • Advised Wheaton Precious Metals on a definitive precious metals purchase agreement with a subsidiary of Adventus Mining Corporation.
  • Advised Solarpack on the negotiation of the concession agreement, PPA and trust agreement with the Ministry of Energy for the development of the photovoltaic project El Aromo.

Ecuador > Banking and finance Tier 2

Flor Bustamante Pizarro Hurtado Abogados places a strong emphasis on syndicated operations, project finance and cross-border transactions, with a client base that includes domestic and foreign financial institutions, sponsors and collateral agents, investment funds and multilateral organisations. The team’s expertise also extends to restructuring processes and financing transactions involving public entities, with the latter commonly involving sovereign guarantees. Mario Alejandro Flor, a notable figure in the renewable energy space, heads the team, which recently acted on behalf of Wheaton Precious Metals in a precious metals purchase agreement linked to the Curipamba copper project in central Ecuador. Other key practitioners include senior associates Alejandro Pérez Arellano and Alejandra Soriano, who provide extensive support in an array of financing transactions.

Practice head(s):

Mario Alejandro Flor

Key clients

IDB Invest

US International Development Finance Corporation

TMF

Deutsche Investitions Und Entwicklungsgesellschaft

WorldBusiness Capital

Atico Mining

Wheaton Precious Metals

Work highlights

  • Advised Wheaton Precious Metals on a definitive precious metals purchase agreement with a subsidiary of Adventus Mining Corporation.
  • Advised TMF Ecuador, which acted as local collateral agent in the LATAM Chapter 11 proceedings, for a deal value of $2.3bn.
  • Advised IDB Invest on the financing granted to Corporacion El Rosado, with a total cash consideration of $75m.

Ecuador > Competition and antitrust Tier 3

Flor Bustamante Pizarro Hurtado Abogados’ recruitment of Gilberto Gutiérrez and Alfonso Becerra from Antitrust Consultores in May 2022 speaks to the firm’s continuous growth and avant-garde approach, which sees the team retained by major clients in the telecoms, pharmaceutical, agribusiness and automotive industries. Gutiérrez heads the team, backed by associate Lenys Orellana, a former official at the Superintendence of Market Power Control and an expert in administrative processes.

Practice head(s):

Gilberto Gutiérrez

Other key lawyers:

Lenis Orellana

Work highlights

Ecuador > Dispute resolution Tier 3

Clients of Flor Bustamante Pizarro Hurtado Abogados benefit from the practitioners' vast experience in national and international arbitration, characterised by practice co-head Roque Bustamante, who is also proficient in constitutional, civil, commercial and administrative litigation. Practice co-head Mario Flor is especially active in the energy and natural resources sectors, areas of focus for the group more widely, including for associate Claudia Garcia Bustamante. Tax controversy disputes are a standout element of the department’s work, in which Juan Carlos Peñafiel excels. Elsewhere, the arrival of Alfonso Becerra in June 2022 has further strengthened the team’s litigation work, particularly in labour cases.

Practice head(s):

Roque Bustamante; Mario Flor

Key clients

Nokia Spain

Andes Petroleum Ecuador

Dundee Precious Metals

Anglo American

Auxin Norbenco

Work highlights

  • Advised Dundee Precious Metals by coordinating expert reports and declarations in a case involving indigenous communities.
  • Represented Andes Petroleum Ecuador in a constitutional case filed by a group of former workers who claimed to be entitled to an outstanding balance for profit sharing.

Ecuador > Corporate and M&A Tier 4

Flor Bustamante Pizarro Hurtado Abogados ‘demonstrates responsibility, accuracy and promptness’, under the joint leadership of Mario Flor, Jorge Pizarro and Roque Bustamante. The group stands out for its work in transactions in the energy, natural resources, telecoms and retail sectors. Verónica Ruales is well equipped to handle corporate and commercial advisory work within the team.

Practice head(s):

Mario Flor; Jorge Pizarro; Roque Bustamante

Testimonials

‘Flor Bustamante Pizarro Hurtado has contributed notably with advice on critical issues for the company, demonstrating responsibility, accuracy and promptness.’

‘I enjoyed working with the team. They were very kind, very professional, very timely, and very accurate.’

‘Mario Flor negotiated well. I wish to highlight not only his professionalism but his human qualities.’

Key clients

Telealfacom

Primax Comercial del Ecuador

Sunstone Metals

Dundee Precious Metals

Geopark

Transdev

Work highlights

  • Advised Transdev-Metro de Medellin on the tender process, negotiation and signing of the Metro de Quito operation contract.
  • Advised Primax Comercial del Ecuador on negotiations of agreements for the import of gasoline.
  • Acted on behalf of Dundee Precious Metals in the negotiating and drafting of an investment protection agreement with the Ecuadorian Ministry of Production.

Ecuador > Real estate

The February 2024 incorporation of Mauricio Bustamante Holguín, formerly the senior partner at specialist boutique Bustamante Holguín Abogados, puts Flor Bustamante Pizarro Hurtado Abogados firmly on the map for real estate matters; a longstanding counsel to RainForest Concern in Ecuador, Bustamante has over 20 years experience in real estate matters and arrives at the firm with senior associate Esteban Morán Gortaire.

Flor Bustamante Pizarro Hurtado Abogados > Firm Profile

Flor Bustamante Pizarro & Hurtado was conceived to lead the Ecuadorian legal services market. Our partners share the same objective: the modernization of the practice of the legal profession in Ecuador by building a firm that transcends the family relationship of any of its members, giving all its lawyers the opportunity to pursue a career and become partners. Our team of lawyers is made up of 32 professionals with extensive experience and solid training. Flor Bustamante Pizarro & Hurtado has a strong focus on corporate and financial transactions, including project financing, mergers and acquisitions, and the structuring of Public-Private Partnerships. We have one of the largest practices in the country in energy and natural resources; The firm’s partners and associates have historically been representing important national and international corporations seeking to channel their investments in hydrocarbons, mining and electricity. His professional practice in these areas is widely recognized. Our corporate and commercial law department is certainly one of the most experienced, we have participated in large commercial transactions and provide permanent advice to important commercial, industrial and service companies. On the other hand, our tax department stands out as one of the most robust in its area, providing specialized advice on tax planning and sponsorship of claims both in administrative and judicial settings. Other practice areas, including dispute resolution, including mediation and arbitration, employment law, competition and antitrust, intellectual property, public and administrative law, environment, insurance, telecommunications, and real estate and construction operations, are part of the range of legal services for which Flor Bustamante Pizarro & Hurtado stands out. Our teams are organized according to each assignment, considering the right combination of lawyers with a practical and proactive approach, under a clear business vision. We always seek to give our clients a reliable answer. No matter the nature and complexity of the challenge or problem, we are ready to stand by our clients when they ask us.

Main Contacts

Department Name Email Telephone
Mario Flor mario.flor@fbphlaw.com 593 999 708800
Roque Bustamante roque.bustamante@fbphlaw.com 593 999 463866

Staff Figures

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Languages

English
Spanish
French
Italian
Dutch

Memberships


Flor Bustamante Pizarro Hurtado Abogados > Firm Profile

Flor Bustamante Pizarro & Hurtado was conceived to lead the Ecuadorian legal services market. Our partners share the same objective: the modernization of the practice of the legal profession in Ecuador by building a firm that transcends the family relationship of any of its members, giving all its lawyers the opportunity to pursue a career and become partners. Our team of lawyers is made up of 32 professionals with extensive experience and solid training. Flor Bustamante Pizarro & Hurtado has a strong focus on corporate and financial transactions, including project financing, mergers and acquisitions, and the structuring of Public-Private Partnerships. We have one of the largest practices in the country in Energy and Natural Resources; The firm’s partners and associates have historically been representing important national and international corporations seeking to channel their investments in hydrocarbons, mining and electricity. His professional practice in these areas is widely recognized. Our Corporate and Commercial Law Department is certainly one of the most experienced, we have participated in large commercial transactions and provide permanent advice to important commercial, industrial and service companies. On the other hand, our Tax Department stands out as one of the most robust in its area, providing specialized advice on tax planning and sponsorship of claims both in administrative and judicial settings. Other practice areas, including dispute resolution, including mediation and arbitration, employment law, competition and antitrust, intellectual property, public and administrative law, environment, insurance, telecommunications, and real estate and construction operations, are part of the range of legal services for which Flor Bustamante Pizarro & Hurtado stands out. Our teams are organized according to each assignment, considering the right combination of lawyers with a practical and proactive approach, under a clear business vision. We always seek to give our clients a reliable answer. No matter the nature and complexity of the challenge or problem, we are ready to stand by our clients when they ask us to and provide honest advice.

Languages

English
French
Italian
Dutch
Spanish

International Capabilities


Flor Bustamante Pizarro & Hurtado (“FBPH”) is an Ecuadorian law firm that helps international and local investors to develop its projects and businesses in the country and to grow in the Latin American region.

With approximately 40 people, our commitment with excellence and our business know-how and creative lawyering have built us a reputation for innovation and thinking ahead. Our clients commend us as a strategic partner for bringing effective answers to their most complex legal and commercial challenges.

Our partners have more than 25 years of experience advising foreign and national clients. We have the strongest legal practice in Ecuador in Energy and Natural Resources and Project Finance. We are also leaders in Corporate and Commercial, M&A, Tax and Dispute Resolution.

We have participated in major transactions in Ecuador involving operators, financiers, and executors in different economic sectors, including Oil & Gas, Mining, Energy, Telecommunications, Transportation, Fuel Distribution, Pharmaceutical, Food and Beverages.

We have advised the largest infrastructure projects in several areas of the economy, such as airports and ports, energy, oil and mines, education, agro-industry, urban transportation, highways and others.

The Clients:

We have worked with clients who are based in U.S.A., Canada, Mexico, U.K., Spain, Germany, France, Italy, The Netherlands, Finland, China, Japan, India, Australia, New Zealand, UAE, etc. In the Latin-America region, we have worked with clients from Colombia, Peru, Chile, Argentina, Brazil, among other countries.

The Network:

Working with FBPH also means having access to its extensive global network of law firms and businesses in the five continents. Partners and Associates of the firm are members of various international associations and local and international business networking groups.