IFLR1000 Reviews

Financial and corporate
PPO Abogados

PPO Abogados was recently founded in 2020 as the spin-off of Ferrere’s Bolivian outfit. The firm has five locations, with offices located in Santa Cruz, La Paz, Cochabamba, Sucre and Cobija 


Focusses / specialisms 

The team at PPO is active largely in the banking and finance practicecounseling international financial institutions on complex multijurisdictional deals such as loans, corporate financing and securities.The banking and finance group is also active in various tax and financial advisory roles. 


Key clients 

Among the firm’s key clients are Nomura, Goldman Sachs, EFG Capital, BBVA, Moody’s, IDB Invest and Mitsubishi UFJ Financial Group 


Research period review: 32nd edition (2021/2022) 

Among this research cycle’s notable deals is the financing of a public contract for refuse collection, urban cleaning and adequate landfill management on the behalf of a concessionaire. The firm also represented the French Development Fund as the lender of a 118M USD loan for COVID-19 financial support targeting such vulnerable groups as the elderly, pregnant women and students.  


Deal highlights: 32nd edition (2021/2022) 

Bolivian government $118millionCOVID-19 pandemic relief financing 

Frigorífico Concepción and Frigorífico BFC $300milllionbondissuance 


Client feedback: 32nd edition (2021/2022) 

Financial services regulatory 

"Efficient, proactive solutions and know-how in the sector and jurisdiction." 


Private equity 

"Prompt answers. One can tell that they have a well rounded knowledge of the subject and they explain themselves in an easy-to-understand way." 


Carlos Pinto 

"Fast response. Always reachable and when he is busy, he calls back later." 


Pablo Ordoñez 

"Bilingual; country knowledge of both Canada and Bolivia; knowledge of international taxation." 

Becerra de la Roca Donoso & Asociados

Founded in 2012, Becerra de la Roca Donoso & Asociados’ two offices are found in La Paz and Santa Cruz.  


Focusses / specialisms 

The corporate and M&A department works with local and international clients on M&A transactions in addition to providing regulatory and corporate advice. 

The firm is also active in the project development and finance space, where it is greatly involved in the natural resources and energy sector.


Key clients 

Key firm clients include Alicorp, Invesco, Root Capital, Papa John’s, Petrobras Bolivia, Xynergia andYPFB Andina.


Client feedback: 32nd edition (2021/2022) 


Project development: Energy

 “Legal assistance is timely and with excellent quality of service”

Project finance

“They are an experienced team of lawyers with experience and in-depth knowledge of the industry.”

Bufete Aguirre Quintanilla Soria & Nishizawa

Bufete Aguirre, Quintanilla, Soria & Nishizawa formed from a merger between Bufete Aguirre and Quintanilla Soria & Nishizawa in October 2018. It operates out of its two offices located in La Paz and Santa Cruz de la Sierra. 


Focusses / specialisms 

The banking and finance team advises on cross-border financings regularly and leads project finance and loan agreements. The firm is also active on the debt side of capital markets, advising on sovereign bond issuances.

The firm’s M&A team largely involves itself in asset acquisitions in the industrial equipment sector.

The project development team counsels in a variety of sectors, including mining, oil and gas, forestry and infrastructure.


Key clients 

Key firm clients include Agence Francaise de Developpement-AFD, American Express, China Development Bank, Inter-American Development Bank and Minera San Cristobal.


Client feedback: 32nd edition (2021/2022) 


Bank lending: lender side

“They are very experienced attorneys, very responsive, have excellent knowledge in the sector, meet deadlines, know our business and understand our needs. Their documents and legal opinions are of good quality.”

CR&F Rojas Abogados

Established in 1900, CR&F Rojas is the oldest firm in Bolivia. It is a family run firm and has two offices, located in La Paz and Santa Cruz de la Sierra. The firm is a member of several international legal networks, including LexMundi and Multilaw.


Focusses / specialisms

The banking practice assists foreign banks in structuring loans with local companies. It is also very active in other financing transactions, like project finance.

The M&A group assists buyers and sellers in cross border transactions and assists multinational clients in local aspects in mergers. 


Key clients

Key clients for the firm include 3M, Aerolíneas Argentinas, BNP Paribas, Bayer-Monsanto, Caterpillar, Japan Bank International Corporation, Schlumberger and Volvo Construction Equipment.


Client feedback: 31st edition (2020/2021)


"Timely and accurate advice was provided."


Ferrere is an international firm headquartered in Uruguay. The Bolivian practice is spread across three offices in Cochabamba, La Paz and Santa Cruz.


Focusses / specialisms 

The firm has a track record of providing leading banking and finance and M&A representation. In finance, it advises such clients as banks, international financial institutions, insurers and reinsurers in a variety of sophisticated transactions.


Key clients 

Key firm clients include BlackRock, Commerzbank, Goldman Sachs, Julius Baer Bank, MasterCard, Morgan Stanley and Toronto Dominion Bank.


Client feedback: 32nd edition (2021/2022)


Financial services

“Ferrere is responsive, commercial, and has precisely the expertise our U.S. broker-dealer and investment adviser clients need.”

Project finance

“The best contacts for investment capital.”

Indacochea & Asociados Abogados

Boasting a history of over three decades, Indacochea & Asociados Abogados represents clients from its office in Santa Cruz.


Focusses/ specialisms

The firm is noted for its strength in the banking and finance practice where it provides lender and borrower-side representation in a diversity of deals including acquisition financing, project financing, real estate financing and secured and unsecured lending.

The firm is also active in debt-side capital markets, where it represents underwriters and issuers in bond and promissory notes issuances, as well as representing corporate clients in restructurings.


Key clients

The firm’s key clients include Avesca, EFG Bank, Fragrance SRL, Grupo Deane and Oppenheimer & Co.


Client feedback: 32nd edition (2021/2022)



Wide knowledge of all elements (tax, labor, succession, etc.)”

Wayar & von Borries

Founded in 1964, Wayar & von Borries is a Bolivian firm with presence in La Paz and Santa Cruz.

Focusses/ specialisms

The firm is a leading force in the finance, project development, real estate and restructuring spaces. Its practice emphasizes the sectors of construction, energy, food and beverage, IT, mining, pharmaceuticals, telecommunications and textiles.

The firm is also noted for its work in the project development space, where it represents contractors on among the largest mining and energy projects in Bolivia.


Key clients

Among the firm’s key clients are Bridge 4 Digital, Frontera, Grupo La Cascada, Industrias Ferrotodo and Powerchina International Group, Shell Corporation Bolivia and Siemens Energy.


Client feedback: 32nd edition (2021/2022)

Project development: mining

“I think that they have the best team in Bolivia. We worked with other firms before and we didn't have this treatment oriented to our real needs.”


“Wayar & von Borries has a very strong team advising on commercial law and complex transactions. In our case, the corporate transformation process was done in record time and without any setbacks. The knowledge in financial matters of the partners who assisted us (Iver von Borries and Javier Romero) is outstanding, and with their knowledge in commercial law, they were by far the best choice of lawyers that we could make.”