BUSTAMANTE FABARA

The Interinstitutional Committee for PPP has enacted new regulations for submission of PPPs Projects for its analysis and approval. This new regulation contains the minimum requirements and guidelines that a PPP Project must fulfill to obtain the prior authorization of the Interinstitutional Committee for PPP, before the public entity initiates the bidding process. Such guidelines are applicable for unsolicited proposals, as well as for projects of public initiative, either for brownfield or greenfield projects. Depending of the type of such projects, the applicable provisions that must be fulfilled by the proponent...

The Ministry of Transport and Public Works (Ministerio de Obras Públicas y Transporte) of Ecuador, which is entitled of the management of the ports had issued the invitation to the public bidding process. The public bidding process will "Design, financing, procurement, ejecution of additional works, operation and maintenance of the International Terminal of Port Providencia" (Diseño, financiamiento, equipamiento, ejecución de obras adicionales, operación y mantenimiento de la terminal internacional de fluvial de Puerto Providencia)...

BUSTAMANTE FABARA provided expert legal counsel for Ecuador's groundbreaking Debt-for-Nature Swap, a historic step to preserve terrestrial and freshwater ecosystems in the Amazon. Through The Nature Conservancy’s Nature Bonds Program, this initiative highlights the power of sustainability, innovation, and collaboration.Advising Bank of America: Led by Partner Diego Ramírez with associates James E. Keeble and Nataly Villasís Reyes.Advising The Nature Conservancy: Led by Partner Jesus M. Beltran, with contributions from Partner Rafael Valdivieso, Director Patricio Santos, and Associate Bruno Pesantes...

In a strategic move to strengthen its foothold in the global shrimp industry,Mitsui & Co.,Ltd has successfully acquired a stake in IndustrialPesquera Santa Priscila (IPSP), recognized as the leading shrimp farming enterprise worldwide, based in Ecuador.BUSTAMANTE FABARAadvised Mitsui on the successful closure of the transaction that took place in February 2024.Given shrimp’s pivotal role in meeting the burgeoning demand for sustainable protein sources amid the global population and economic growth, this acquisition is timely...