International Business Law in Ecuador

DÃ©borah D.

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International Business Law in Ecuador

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Thèmes abordés

Ecuador, Business Law,

Lecture
Résumé
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Extraits

Résumé du document

In this document, we shall present an overview of Ecuador and its laws along with recommendations on entering the Ecuadorian market. As an exporter of main products, Ecuador is an interesting target for foreign investors and that could permit the development of the country.
For several years, the country has been facing problems due to a lot of government changes and the high incidence of corruption and poverty similar to a lot of other South American countries. Initially, we shall deal with Ecuador and its characteristics followed by the political, cultural, financial and legal risks of the country. Finally, we shall examine the kind of business possible in Ecuador and how an outsider could negotiate in a business deal in the country.

Sommaire

Presentation of the country
Legal Risks
Political risks
Cultural risks
Financial risks
To Resume Ecuadorian's risks
Form of Internal Business to be used to enter the foreign market
Conclusion

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Extraits

[...] First, a person who wants to do business in Ecuador has to know how is divided the country. We notice that there are disparities between people who live in city (Quito, the capital), those who live in the mountains or in the jungle and those who live in the coast (as Guayaquil, the second city of the country). In fact, they have different way of life and they have different way of negotiation and we have to know how they act to do business with them. [...]

[...] Web Nov UHY. "Doing Business in Ecuador." UHY. N.p Web Nov "WTO Ecuador - Member Information." World Trade Organization - Home Page. N.p., n.d. Web Nov "WTO What Is the WTO?" World Trade Organization - Home Page. N.p., n.d. [...]

[...] Ecuador is a member of the United Nations and also other members of many regional groups like Latin American Energy Organization, Rio Group and Andean Community of Nations To resolve dispute from a contract with international sell or national sell, foreigners could be help by CIAM (Centro Internacional de Arbitraje y Mediación) which is an association since the 11th of July 2007 in Quito to resolve conflicts. This association regroups arbiters and mediators who will help foreigners in conflict. Political Risks How is the Ecuadorian government, what is its history? Ecuador is an Independent country from Spain since the 24th of May 1822. It is a Republic government and the constitution was signed on the 11th of August 1998. It is an Executive system with the president (R. [...]

[...] Web Nov "CISG: Participating Countries - Ecuador." Electronic Library on International Commercial Law and the CISG. N.p Jan Web Nov "Coface Rating Country Ecuador." Coface. N.p., n.d. Web Nov "Doing Business and Negotiate in Ecuador." International Business Negotiation. Global Marketing. Global Negotiator. N.p., n.d. Web Nov Douglas Farah, Glenn R. Simpson. "Research Ecuador at Risk: Drugs, Thugs, Guerrillas and the Citizens Revolution." International Assessment and Strategy Center. [...]

[...] Speak Spanish because few private business companies speak English. Dining and Entertainment: When you are a guest not arrives at time, you should arrive with 30 minutes to one hour and half at a party. Dancing is very important, you cannot refuse to dance it is in their culture If you are invite to a visit it is an honor Dinners are event and you must not talk about business and after the meal you should stay to converse and will be impolite to quite the table just after the dinner. [...]

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