ECUADOR Law and Practice Contributed by: Sebastian Corral Guevara, Miguel Pizarro Páez, María Fernanda Mencías Pérez, José Cisneros Pazmiño, Roque Bustamante Espinosa and Jorge Pizarro Páez, Flor Bustamante Pizarro & Hurtado
Competition Following the recent institutional reforms that created the SEC, further secondary regulations and adminis - trative guidance are expected to continue developing Ecuador’s competition law framework, particularly in relation to merger control, investigations and enforce - ment procedures. More generally, Ecuador is expected to continue strengthening its legal framework, with the objective of attracting foreign investment, promoting interna - tional trade and aligning its regulatory standards with international best practices.
and reporting obligations. Additional amendments to the tax framework, particularly regarding investment incentives and electronic compliance obligations, may be expected. Labour The Ministry of Labour continues to promote greater labour flexibility through regulations governing special working time arrangements and the flexible distribu - tion of the statutory 40-hour working week. Although these changes have so far been implemented main - ly through secondary legislation, further legislative reforms to modernise Ecuador’s labour regime remain part of the public policy debate. Data Protection Following the entry into force of the LOPDP and its General Regulation, the SPDP is expected to continue issuing secondary regulations and technical guidance, while progressively increasing its supervisory and enforcement activities. Companies should therefore expect a more mature regulatory environment and greater scrutiny of compliance programmes, inter - national data transfers, cybersecurity measures and privacy governance.
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