Solicitors governing body: The Ministry of Justice
Competition authority: AEMP
Financial regulator: Superintendencia de Bancos y Entidadas Financieras; Central Bank of Bolivia
IFLR1000 ranking categories in this jurisdiction:
Bolivia is one of the fastest growing economies in Latin America. A new National Constitution was voted in during February 2009 under President Evo Morales. Among other reforms, this included provisions for increased rights for the indigenous people of Bolivia who make up a majority of the country.
Bolivia’s legal system is based on civil law. Those who wish to practice law in Bolivia must register with the Ministry of Justice.
The legal market is generally populated by local firms though a small group of foreign firms, such as Uruguay-based regional firm Ferrere, are present.
Firms are spread throughout the nation, but La Paz, where the Bolivian government is based, and economic hub Santa Cruz, are key centres. Most active financial and corporate firms have offices in at least one of those two cities. Bolivia’s Supreme Court is located in its capital, Sucre, but corporate firms are generally not as active there.
Headquartered in Santa Cruz, Indacochea & Asociados is a commercial firm opened in 1991 by founding partner Ricardo Indacochea. It is a part of the Meritas alliance, a global law firm network.
Focusses / specialisms
The firm advises clients in M&A, bond issuances, capital contributions, insolvency, reorganisations, financings and other general corporate matters.
It serves both local and international clients across many industries, including oil and gas, technology, banking and financial services.
Key clients for the firm include Holdco Bolivia Inversiones, Servicios Especiales San Antonio, Servicios Especiales Bocruz, Comercial Gerdau, ISA Bolivia and Tienda Amiga.
Research period review: 30th edition (2019/2020)
Over the research period the firm worked on loan agreements, capital contributions and reorganisations, among other corporate matters. It worked across many types of industries, including retail, banking, insurance, manufacturing and financial services.
Deal highlights: 30th edition (2019/2020)
ISA Bolivia $54 million loan
Tienda Amiga $1.4 million bond issue
Zoetis Sanidad Animal financial restructuring
Client feedback: 30th edition (2019/2020)
“Very competent and rapid responses.”
“Well prepared and very rapid responses.”