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Builders’ Risks and Marine Insurance

The process of building a vessel or a floating object involves a series of risks. Both the entity who orders the construction and the shipyard are exposed to considerable losses if a casualty takes place. Accidents can occur at any of the construction phases involving people and property and also affecting the environment. These events […]

Ecuador: International sources of Shipping law

Ecuador is party to several international conventions. Some of them are now mentioned. Basically, in 2012 Ecuador ratified the accession to the United Nations Convention on the Laws of the Sea (UNCLOS 1982), also known as the Constitution for the seas. As for the named four pillars of maritime law regulation, Ecuador is party to […]

The roots of Maritime Law in Ecuador

The historical origin in the legal system of Hispanic America comes from Roman law, with wide influence throughout Europe as Spain and France, known as countries with a civil system, based on the written law. In contrast, despite the Roman invasion and its influence, the legal system of common law prevailed in England, based on […]

SAS Corporations in the Ecuador Arena

A new type of corporation has been introduced in the Ecuador law which seeks to provide reduction of incorporation time and facilitate agreements between shareholders. It is likely that many companies would decide to switch to this new system. With the enactment of the Entrepreneurship and Innovation Act by publication in the Official Register of […]