Corporate M and A 2026

ECUADOR Law and Practice Contributed by: María Celeste Alvarado, Jorge Sicouret Zea, Ángel Gaibor and Octavio Rosselli, Coronel & Pérez

Coronel & Pérez is a leading firm in corporate law and M&A transactions, known for delivering high-quality legal services to its clients, and with the added value of an in-depth understanding of international practic - es. With offices in Guayaquil and Quito, it is strategi - cally positioned to serve both local and international clients. The firm is recognised for handling corporate matters, including advising multinational companies

on corporate governance, foreign affiliate wind-ups and cross-border M&A. The M&A team is comprised of seven highly skilled multidisciplinary professionals who address the most complex legal matters from a business perspective, with ample experience in cor - porate law, anti-trust and competition regulations, and foreign investment protection.

Authors

María Celeste Alvarado is a senior associate at Coronel & Pérez, specialising in corporate law, M&A and financial transactions. She advises foreign financial institutions on financing structures for

Ángel Gaibor is a senior associate at Coronel & Pérez with extensive in-house experience. Before joining the firm, he worked for more than five years as an in-house lawyer for an important Ecuadorean business

Ecuadorean borrowers, and represents international investors entering the Ecuadorean market. María Celeste’s experience covers civil, commercial, procedural, corporate and administrative matters, including due diligence, joint ventures and regulatory compliance. She earned her law degree from Universidad Católica Santiago de Guayaquil and her Master’s in Procedural Law from Universidad de Especialidades Espíritu Santo, where she has also taught Civil Law for the past three years. María Celeste also served as the Regional Director of Corporate Acts and Dissolution at the Superintendence of Companies.

group. Ángel’s practice focuses on civil, corporate, constitutional, labour, real estate and administrative matters. He provides legal advice and participates in incorporation processes, statutory reforms, dissolutions, liquidations and corporate restructuring. Ángel earned his law degree from Universidad de Especialidades Espíritu Santo, where he also obtained a Master’s in Procedural Law and a Diploma in Public Management from Universidad Casa Grande.

Octavio Rosselli is a special legal consultant and international counsel at Coronel & Pérez. Octavio was admitted to the Bar in Colombia and worked for almost 20 years at CAF, a multilateral institution, serving as

Jorge Sicouret Zea is an attorney at Coronel & Pérez. He holds a degree from Universidad de Especialidades Espíritu Santo (UEES) and later obtained a Master’s in Business Law from the same university. Jorge joined

general counsel for the last four years and advising it on infrastructure financings, equity investments and grants, as well as providing technical assistance to clients throughout LATAM. He also has extensive experience in advising clients in cross-border transactions and ESG requirements. Furthermore, Octavio has 12 years of experience in renowned financial institutions in Colombia and Ecuador.

the firm in 2020 and has dedicated his practice to advising clients on due diligence for the assessment of projects, and on M&A transactions. He has also assisted his clients in the design and negotiation of sophisticated corporate and contractual structures.

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