Resident Visas – Ecuador
General information regarding requirements in order to obtain a resident visa in Ecuador. 1. There are different ways of obtaining a resident visa in Ecuador, as examples: a) A person that represents an Ecuadorian Corporation or a Foreign Corporation domiciled in Ecuador, with a minimum paid capital of US$ 25,000 b) A person who receives […]
Dissertation: Ecuador, marine collision law and prescription
Liabilities in Maritime Law, a case and comparative approach with Ecuador
A marine incident as a collision is able to generate multiple claims that at the time of assessment will consider the applicable law and also different kinds of liabilities and the possibility to limit such liability. As an example, the vessel arriving to the Port of Stockholm suddenly veers to Port and hits a Passenger […]
Basic Information regarding the Process of a Trademark Registration in Ecuador
Liability Cover in Marine Insurance: P&I Perspective
Leonidas Villagran Cover for liabilities not covered by hull and machinery policies in marine insurance is generally provided on a non-profit basis by Protection and Indemnity Associations also known as P&I Clubs which are based on mutuality. The story behind these Clubs comes from the 18th century in England, with The Bubble Act of 1720 which […]
Commercial Dispute Resolution: The International Approach
Considering some facts regarding disputes in the International Trade arena. Most of the time parties in international trade develop all kind of businesses without primary concern of a potential conflict between them. Some of these parties do business with the other for a first time; others have a long time relationship. Types of businesses are […]
International Sales: Standard Forms and Incoterms
The author explains about the advantages of contracting on standard form contracts and using shipping terms, including Incoterms. Standard Form Contracts for use in international sales facilitate international trade and save time and money in negotiating efforts and drafting individual contracts. A Standard Form Contract is a result of experience and legal expertise in the […]
Freedom of Contract in International Carriage Contracts. What about Ecuador ?
The Doctrine of Freedom of Contract also known as “Laissez Faire” is the basis for international carriage contracts, according to Common Law. In Ecuador there are some considerations according tThe Consumers Act The Doctrine of Freedom of Contract also known as “Laissez Faire” is the common law and civil law basis for international carriage contracts. […]
Documentary Credit in International Trade
Documentary credits law depends on the principle of autonomy or independence of the credit and the doctrine of strict compliance. The principle of autonomy protects the beneficiary (exporter) while the doctrine of strict compliance protects the issuing bank and the applicant (importer). According to the World Trade Organization, Some 80% to 90% of world trade […]
Prescription in Marine Collision Law in Ecuador
In August 2017 during a hearing in a Harbor Master investigation case regarding a collision incident, a very well-known Ecuadorian maritime attorney and former master mariner recalled that collisions happen due to diverse causes. [He said] that no master sails with the aim of such incident, and that even when the master, the pilot or […]