Region: Ecuador

Ecuador upholds Odebrecht fine

Ecuador’s competition watchdog has confirmed antitrust fines of $58 million against Odebrecht and a state-owned electricity distributor after the former bribed government officials to ensure it won tenders for construction and repair work.

14 March 2023

Ecuador hands down third-ever merger prohibition

Ecuador’s antitrust enforcer has blocked a pharmacy chain’s planned purchase of a drug importer to prevent the combination of the two largest companies in the national pharmaceutical distribution market.

21 November 2022

UPDATE: Ecuador sanctions medical supply providers in contentious bid-rigging ruling

Ecuador’s antitrust enforcer has fined five companies for rigging public tenders for medical supplies in a decision that has sparked controversy over how the authority assessed their corporate structure.

18 August 2022

Andean enforcer reissues cartel fines based on controversial leniency application

The Andean Community's competition enforcer has once again fined Kimberly Clark and Productos Familia for fixing tissue paper prices, disregarding concerns from local antitrust authorities that such a ruling could harm the region’s leniency programmes.

25 November 2021

Ecuador issues largest-ever gun-jumping fine

Ecuador’s competition authority has fined the conglomerate Sia Products over €2 million for failing to notify the establishment of a new trust that gave it majority control over a paper products maker, marking the largest sanction the enforcer has ever imposed for gun-jumping.

08 November 2021

Ecuador adopts two-phase merger review process

Ecuador’s antitrust watchdog has adopted a new merger control procedure that gives it 25 days to determine whether a deal qualifies for expedited approval or an in-depth review.

20 November 2020

Ecuadorian firm establishes antitrust team

HEKA Law Firm has named Juan Andrés Gortaire to head the firm’s newly created competition practice.

28 September 2020

Gibson Dunn, De Brauw and AZB promote and hire

De Brauw Blackstone Westbroek has promoted Helen Gornall and brought back Maikel van Wissen as partners, while Marc Picat, Bharat Budholi and Luis Marin Tobar have moved to competitors.

22 November 2019

Kimberly Clark suffers loss in regional leniency fight

A court in Ecuador has ruled that the national competition enforcer’s failure to respond in a timely manner to an allegation that it unlawfully revealed information obtained in a confidential leniency application cannot result in a default judgment against it.

29 April 2019

Ecuador appoints new competition head

An Ecuadorian government body responsible for regulatory appointments has named Danilo Sylva Pazmiño as the head of the country’s competition authority.

29 October 2018

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