Ecuador

Ecuador

New Public-Private Partnership Act

18 Dec 2015

On 18 December 2015, Ecuador’s National Assembly approved a Public-Private Partnership law intended to attract investment. The law offers incentives, such as the reduction of the income tax, value added tax, and a capital exit tax for investors in certain projects. It designates Latin American arbitration bodies as the dispute resolution mechanism. The law became effective upon publication in the official registry on 18 December 2015.