This update reports on new developments in various sectors including developments to the national airport system and the government's plans to privatize the electricity industry.
Including: International Airports; Telecommunications; Electricity
In March the government will grant International Water Services BV a 30-year concession to the potable water and sanitation services of Ecuador’s largest city. It is hoped that the move will not only improve these services, but also boost foreign investors’ confidence in the country.
Companies that conduct business with foreign countries and their public institutions are sometimes not comfortable having their contractual disputes resolved by the courts of the contracting country. In Ecuador, the opportunity for government and public entities to submit to international arbitration is expressly contemplated in legislation.