IFLR1000 Reviews


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: 

Financial and corporate, Project development

Jurisdiction overview

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. 

Financial and corporate
Bufete Aguirre Quintanilla Soria & Nishizawa

Bufete Aguirre Quintanilla Soria & Nishizawa has a strong financial and corporate practice.

This research period primarily saw the firm advise on corporate restructurings and loan agreements. The firm has also helped clients in the energy and infrastructure sectors with permits and other regulatory advice.

The firm is the result of a merger between Bufete Aguirre and Quintanilla Soria & Nishizawa in October 2018.

Indacochea & Asociados Abogados

Indacochea & Asociados Abogados is an active firm that reported an even mix of acquisition and financing work this research period. Acquisitions were both regional and local, and the financings included real estate, refinancing and bond issues.

Recent Deal Data highlights

•                      Alicorp  $420 million acquisition of Industrias de Aceite

Client feedback

“Deep knowledge of Bolivian market. The firm provides an advantage when investing in Bolivia. The firm handles complex cross border transactions.” – M&A

“Excellent lawyers with a lot of experience in all areas. High efficiency on complex cases.” – M&A 

“Very fast response times. Always available at any time. Commitment to clients and tasks.” – Project development

Becerra de la Roca Donoso & Asociados

Becerra de la Roca Donoso & Asociados is an active corporate and project development firm. Recent matters saw the firm advise a client its corporate restructuring process before the sale of shares and help a sugarcane processor on the installation of anhydrous ethanol processing plants.  

Client feedback 

“Highly skilled and knowledgeable on Bolivian corporate law, rules and regulations.” – Project development   

CR&F Rojas Abogados

CR&F Rojas Abogados has an active transactional practice. Corporate restructurings were a particularly active area for the firm this research period but it also saw work involving acquisition finance and the transfer of assets.


FERRERE is a market leader in both financial and corporate and project development matters. In banking the firm tends to advise lenders, and in M&A it often works on large cross-border acquisitions.

The firm’s project development team was active in the mining and energy sectors, where it advised mining companies on concession agreements and regulatory matters and advised oil and gas companies on supply agreements, public bids and regulatory matters.

Recent Deal Data highlights

•                      Astaldi $80 million financing

•                      My Water V programme

•                      Phoenix Tower International $58 million acquisition of NuevaTel wireless towers

Guevara & Gutiérrez

Guevara & Gutiérrez is a leading transactional and project development firm.

The firm’s financial and corporate team advises on a mix of loans and acquisitions, and many transactions took place within the energy and infrastructure sectors.

In project development work the firm was particularly active in the oil and gas sector, advising  oil and gas clients on supply and service agreements. It also saw work in mining, but the specifics of matter are confidential.


Recent Deal Data highlights

•                      Alicorp acquisition of Fino and SAO

•                      Planta siderurgica del Mutún $396.2 million financing

•                      Villa Tunari Hospital