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Law firm profile

Flor Bustamante Pizarro & Hurtado

Latin America 2023
Ranked departments
2
Ranked lawyers
5
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Latin America
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About

Provided by Flor Bustamante Pizarro & Hurtado
Latin America

Firm Details:
Managing Partner: Mario Flor
Senior Partners: Mario Flor, Roque Bernardo Bustamante, Jorge Pizarro, Agustín Hurtado, Andrés Ycaza, José Cisneros, Veronica Ruales, MIguel Pizarro, Diego Medina, Juan Carlos Peñafiel
Number of partners: 10
Number of other lawyers: 22

Firm Overview:
With offices in Quito — Ecuador, Flor Bustamante Pizarro & Hurtado (hereinafter ‘FBPH’) is a strong firm formed by very well-reputed professionals with large experience in local and cross-border transactions, following international standards as main rule of practice. FBPH was created by the principles of transparency, ethics, solidarity and specialisation and expects to be a major player in the Ecuadorian legal market, with clear and straight emphasis on the development of its professionals and on a merits structure. The firm is formed by 32 lawyers — 10 partners and 22 associates — with vast experience in their professional fields. Many of FPBH’s lawyers have international studies, as well as completed internships in US and Europe. In addition, the firm maintains a system of cooperation with other law firms throughout the region and in US and Europe, which is particularly important for handling cross-border transactions.

Energy & Natural Resources:
Energy and natural resources is among the firm’s foremost strengths with more than 25 years of experience in the industry. Recent matters include advising Wheaton Precious Metals in a financing operation for a large mining project in Ecuador, Aurelian Ecuador's financiers and stockholders for the development of the Fruta del Norte Gold Project, the financiers of DPWorld for the construction of the Posorja Port, Solarpack in its concession agreement for constructing and operation El Aromo solar plant, Eni SpA. in the process of transferring shares of its Ecuadorian oil subsidiary regarding its rights over Block 10 located at the Amazon Basin; Dundee Precious Metals on the disquisition of Loma Larga Mining project; Sunstone in the acquisition of the a 87,5% shareholding in La Plata Minerales S.A., the holder of the Bramaderos gold-copper project and the acquisition of El Palmar project; Ecometals’ subsidiary Condor Gold on the division of its mining properties and a subsequent sale; and Toachi Mining with an option agreement signed to purchase a majority holding in local company Minera La Plata.

Banking and Finance:
The firm’s financial and banking law department has positioned itself as one of the most respected and award-winning in the country. FPBH has advised on the structuring and financing of projects for more than 1.5 billion granted to Ecuadorian private companies, in syndicated transactions with various private and public financial institutions. Flor Bustamante Pizarro & Hurtado has also advised on restructuring processes under the Debtor-in-Possession (DIP) scheme.

Corporate/Commercial:
Flor Bustamante Pizarro & Hurtado’s one of the principal areas of practice principal areas is Corporate/Commercial with a vast experience of almost 20 years. FBPH’s recent matters include leading advice to IDB Invest on the loan agreement and structuring of a security package in the financing of the Posorja port and Interagua the company responsible for water supply and sewage in Guayaquil Ecuador; acting as local counsel to China Development Bank on a financing transaction to state entity Banco de Desarrollo del Ecuador; and -again as local counsel- advising Corporación Interamericana para el Financiamiento de Infraestructura (CIFI) on the financing of a hydroelectric project.

Labour & Employment:
Flor Bustamante Pizarro & Hurtado is an acknowledged actor in this sphere. The team is actively involved, and with excellent results, in the defense of our clients’ interests in administrative matters and under the Ecuadorian courts.

Dispute Resolution:
Highly regarded dispute resolution boutique with a strong track record representing corporate clients in Ecuador. Boasts a strong bench of arbitration experts experienced in advising on high-value cross-border mandates, with a focus on matters related to the energy and natural resources, infrastructure, banking and finance, and investor-state arbitration.

Competition/Antirust:
Dynamic antitrust practice well known for its particular expertise in contentious proceedings for matters relating to collusion, cartel investigations and abuse of dominant position. Frequently advises clients in the regulated industries, in particularly the construction among with food industry.

Tax:
Strong department with extensive knowledge tax focusing in energy and natural resources industry, as well as telecommunications.

Languages:
Dutch, English, French, Italian, Spanish.

Clients:
■ Inter-American Development Bank IDB
■ Corporación Interamericana para el Financiamiento de Infraestructura, S.A. (CIFI)
■ Eli Lilly Interamerica Inc.
■ Andes Petroleum Ecuador LTD.
■ ENI SpA.
■ Champion Technology
■ Wheaton Precious Metals International
■ OCP Ecuador
■ UNIPEC AMERICA Inc.
■ Dundee Precious Metals
■ Toachi Mining Inc.
■ Sunstone Metals Limited
■ Tempus Resources
■ Xinjang Goldwind Science & Technology Co. Ltd.
■ Albacora S.A.
■ Grey Group
■ Intelsat
■ WPP Plc.
■ ARCA Continental SAB de CV
■ SICPA ECUADOR GSS S.A.
■ Yanbal Ecuador S.A.
■ Essilor International
■ Corporación Favorita C.A.
■ Superdeporte S.A.
■ SITA Information Networking Computing B.V.

Ranked Offices

Provided by Flor Bustamante Pizarro & Hurtado

Ecuador - Head office

Flor Bustamante Pizarro & Hurtado rankings

Latin America Guide 2023
Filter by
Band
Ecuador
Banking & Finance
1 Department
1 Ranked Lawyer
Department
Banking & Finance
3
Banking & Finance
3
Band 3
Lawyers
Mario Alejandro Flor
2
Mario Alejandro Flor
Head of Banking & Finance
2
Band 2
Corporate/Commercial
1 Ranked Lawyer
Lawyers
Mario Alejandro Flor
3
Mario Alejandro Flor
3
Band 3
Energy & Natural Resources
1 Department
3 Ranked Lawyers
Department
Energy & Natural Resources
2
Energy & Natural Resources
2
Band 2
Lawyers
1
Roque Bernardo Bustamante
Head of Energy & Natural Resources
1
Band 1
3
Agustín Hurtado
3
Band 3
3
Andrés Ycaza
Head of Energy & Natural Resources
3
Band 3
Tax
1 Ranked Lawyer
Lawyers
4
Juan Carlos Peñafiel
4
Band 4