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Patent Developments: Legal Innovation for a Sustainable Future

Intellectual property is a fundamental pillar for the development of innovation and sustainable economic growth. At the core of this discipline are patents, an essential mechanism for protecting inventions and encouraging investment in research and development. However, the current technological and global environment presents new challenges and opportunities worth analyzing.

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Resolution No. 06-2025 of the National Court of Justice defines and clarifies terms for the application of Article 55 of the Organic General Code of Processes, pertaining to citations by notices

Resolution No. 06-2025, issued by the National Court of Justice, establishes new criteria to ensure the effective application of citation by notices, as provided under Article 55 of the Organic General Code of Processes, in light of the difficulties encountered by judicial citation officers in the process.
Citation by notices presupposes that personal service could not be effected, but it also constitutes a preliminary step prior to citation through mass communication media, as stipulated by law.

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Compliance with the annual obligation of submitting financial statements to the Superintendence of Companies

In Ecuador, companies supervised by the Superintendence of Companies, Securities, and Insurance must submit their financial information annually by April 30th. This duty includes financial statements and other relevant documents, which must be approved by the general meeting before submission. The non – accomplishment of the legal requirements may arise in significant financial penalties.

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The Superintendence of Companies, through Resolution No. SCVS-INC-DNCDN-2025-0001 dated March 7, 2025, has introduced an important reform to the “Regulation on General Meetings or General Assembly of Partners and Shareholders”

The Superintendence of Companies amended the “Regulations on General Meetings or General Assembly of Partners and Shareholders” through Resolution No. SCVS-INC-DNCDN-2025-0001 of March 7, 2025, and established the possibility for partners and shareholders to choose to attend general meetings in person or virtually.

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Abandonment in Judicial Proceedings: Is It the End of a Right?

Abandonment in judicial proceedings is declared when the parties fail to act for six months following the last providence, except in cases involving the rights of children, persons with disabilities, and labor rights. If declared for the first time, the claimant may file a new claim after six months; if it occurs again, the right to sue is extinguished.

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WIPO Treaty on Intellectual Property, Genetic Resources, and Associated Traditional Knowledge

The WIPO Treaty on Intellectual Property, Genetic Resources, and Traditional Knowledge, adopted in 2024, establishes an international framework for the protection and recognition of ancestral knowledge. Through innovations such as the disclosure requirement, it promotes transparency in the use of genetic resources and traditional knowledge in patented inventions, ensuring respect for the communities of origin.

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Dissolution, Liquidation, and Cancellation of Commercial Companies in Ecuador

The dissolution, liquidation, and cancellation of commercial companies in Ecuador is a key process when a company ceases to operate, no longer generates income, or becomes unprofitable. Closure of the company in a timely manner prevents the accumulation of fiscal and administrative obligations, thereby reducing the risk of sanctions and unnecessary expenses. There are various legal options to perform this procedure, each suited to different circumstances.

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Quevedo & Ponce

The leading law firm in Ecuador specialized in intellectual property

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