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Ecuador: New Rules on Amending a Tax Return

(Nov. 16, 2016) Ecuador published a resolution from the national Internal Revenue Service (Servicio de Rentas Internas or SRI) in the country’s official gazette issue of October 31, 2016. The resolution, which was immediately applicable, contained regulations on amending a tax return.   (Gustavo Guerra, Ecuador: Regulations to File Amending Tax Returns, TAX NEWS SERVICE (Nov. […]

Ecuador: New Anti-Money Laundering Law

(Sept. 16, 2016) Ecuador’s new Law on the Prevention and Eradication of Money Laundering was adopted by the legislature on July 21, 2016. (Ley Orgánica de Prevención, Detección y Erradicación del Delito de Lavado de Activos y del Financiamiento de Delitos, REGISTRO OFICIAL (RO) (the official gazette) (July 21, 2016).)  The Law extends to nonfinancial businesses […]

Ecuador: Proposed Reform of Labor Code

(Dec. 12, 2014) Ecuador’s Executive branch has proposed amending the Labor Code to add a classification of types of work and specification of rights and obligations according to the different work activities. (En el Borrador de Código Laboral constan nuevas formas de empleo, EL UNIVERSO (May 9, 2014).) The new work classification includes the following: […]

Ecuador: Withdrawal from International Arbitration Agency

(Oct. 8, 2009) Ecuador has withdrawn from the International Center for the Settlement of Disputes (ICSID), the international arbitration agency of the World Bank, terminating its membership of 23 years. Executive Decree 1823 of July 2, 2009, was signed by President Rafael Correa to end the commitment of Ecuador to recognize the jurisdiction of the […]

Ecuador: Anti-Economic Crisis Strategy for Protection of Employment

(June 30, 2009) Ecuador has adopted a decree that creates a Commission Responsible for the Development, Promotion, and Monitoring of the Implementation of an Anti-Crisis Strategy for the Protection of Employment. The anti-crisis strategy is a systematic set of public policies, programs, and projects aimed at minimizing the impact of the international economic crisis on […]

Ecuador: U.S. Diplomat Expelled from Ecuador

(Feb. 27, 2009) On February 18, 2009, the First Secretary of the U.S. Embassy in Ecuador was expelled from the country “for interfering in the country's internal affairs.” This is the second expulsion of a U.S. diplomat from Ecuador in the month of February. The expulsion was announced after Police Headquarters presented a report at […]

Ecuador: High Court Judges Selected by Lottery

(Nov. 4, 2008) On October 29, 2008, Ecuador selected judges to serve on a temporary Supreme Court of Justice by means of a lottery. The procedure selected 21 of the 31 judges who had served on the former permanent Court; the temporary institution is designed to last until a new permanent Court is established in […]

Ecuador: Coalition to Propose a Ban on the Presence of Foreign Forces in Ecuador

(Feb. 2, 2008) The "No Bases" Coalition of Ecuador ("La Coalición No Bases Ecuador") will propose before the Constituent Assembly that the draft Carta Magna (constitution) forbid the establishment of foreign military bases on Ecuadorian territory. The conference was held by the "No Bases: International Network for the Abolition of Foreign Military Bases". The coalition […]