Ecuadorian Government prepares two Codes for discussion

The Commercial Code and the Organic Administrative Code are the two new draft laws prepared by the Presidency of the Republic in Ecuador for discussion.

In a period of 200 days is expected to be ready the Commercial Code, which will be prepared by Gonzalo Noboa Baquerizo and Ider J. Valverde, valued at $ 150,000, according to the Public Procurement website.

This text should “regulate and control sectors related to national commercial task and regulation of monopolistic activities, misleading advertising, economic groups, the protection of intellectual property, that tax inspections relating to transfer pricing, arm’s length principle and tax havens “.

The second code will have the advice of foreigners Alfredo Ramos, José Antonio Moreno, Francisco Puerta, Jesús Punzón and the Ecuadorian Fabián Andrade Narváez, valued at $ 337,583.

This norm should develop administrative procedures and integrate a book about administrative litigation.