IFLR 1000
The Guide to the World's Leading Financial Law Firms

Ecuador

Legal market overview Print-friendly version

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The new Constitution and its economic effects

Sandra Reed
Pérez Bustamante & Ponce
Quito

As reflected over the past two years in the news, Ecuador is undergoing a period of profound economic and political change. Since 2007, Ecuador has been governed by Rafael Correa, en economist and former university professor trained in the US and Belgium.

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Financial and corporate

If the constitution ratified in July 2008 gives recently re-elected President Correa extensive power over the nation's legislature and courts, one faction the socialist president has not been able to bring under control is Ecuador's lawyers. Many leading attorneys have been outspoken against the administration's policies towards foreign trade and private operators in the country's oil, mining, transportation and telecoms industries....

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