The Ministerial Agreement the Ministry of Production, Foreign Trade, Investment and Fisheries established the parameters (thresholds) to strengthen the risk profile and customs control system against possible circumstances of customs fraud, money laundering and other illicit operations.
By Executive Decree number 788 issued on June 26, 2023 and published in Official Gazette Supplement 341 of June 28, 2023, the President of the Republic issued the Regulations for Public-Private Partnerships, on which we highlight the following.
From the 14th of May 2023, companies must implement an Occupational Health Promotion Plan, accordingly to the following considerations.
On May 17, 2023, the President issued the draft of the Decree-Law for Strengthening the Family Economy. This Decree-Law will enter into force once the Constitutional Court issues a favorable opinion.
On May 26, 2021, the Organic Law for the Protection of Personal Data (the "LOPDP") entered into force with its publication in Official Gazette Supplement 459.
In application of the powers conferred by Article 148 of the Constitution, the President of the Republic issued Decree No. 741 (the “Decree”) whereby the President dissolves Congress and ordered the National Electoral Council to call for legislative and presidential elections to complete the current respective terms.
On May 10 and 11, 2023 - due to the time difference - Ecuador and China signed a Free Trade Agreement focused on the commercial exchange of goods and e-commerce.
The Regulation STFP-009-725-2023 of March 15, 2023 (the "Regulation"), issued by the Board for Fixing and Reviewing the Prices of Medicines for Human Use and Consumption (the "Board") approved the new definition of strategic medicines.
In our corporate bulletin of the 22nd of this month we summarized the amendment of the Law on Companies for the Optimization and Promotion of Business and Corporate Governance.
In the supplement to the Official Gazette No. 269 of March 15, 2023, the amendments to the Law on Companies for the Optimization and Promotion of Business and for the Promotion of Corporate Governance were published.
By Regulation NAC-DGERCGC23-00000008 issued on March 13, 2023, the Director General of the Internal Revenue Service extended the deadlines for the filing of the following obligations, without generating fines and interest.
By Official Supplement Gazette No. 252 of February 1, 2023, it was published the Organic Reformatory Law to several Laws for the Defense and Guarantee of the Individual and Collective Rights of Employees.