Twitter Logo Youtube Circle Icon LinkedIn Icon

Bolivia > Banking and finance > Law firm and leading lawyer rankings


Index of tables

  1. Banking and finance
  2. Leading lawyers
  3. Next generation lawyers

Leading lawyers

  1. 1

Next generation lawyers

  1. 1

Who Represents Who

Find out which law firms are representing which Banking and finance clients in Bolivia using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact


Advising private and state clients on private and public financings, the practice group at Bufete Aguirre Soc. Civ. is led by Ignacio Aguirre, with strong support from Fernando Aguirre. Especially strong on the lender-side, it has a strong pedigree in cross-border financing transactions, and is also noted for its capital markets capabilities, where it assists clients with bond issuances and debt restructuring. Project finance and operational finance for project companies are particular strengths; the team recently acted for Incofin on around $4m-worth of development loans to several small agro-industrial companies. The department also advised Accion International, the majority shareholder of leading local microfinance bank, Banco Sol, on various shareholder compliance issues.

The ‘attentive, knowledgeable and multidisciplinary’ team at Ferrere acts for lenders and borrowers in equal measure; the bulk of its work is for large foreign clients. Carlos Pinto is the key contact for transactions, and has a particularly strong line in loan agreements for foreign lenders: he acted for Deutsche Bank on a futures and options agreement entered into with the Central Bank of Bolivia, and also advised Northstar Trade & Finance on a $6m loan to logistics company Inbolpack. Lindsay Sykes leads on the regulatory side; clients here include VISA and Bank of America. The department’s recently won clients include BNDES and Société Générale. Regulatory expert Mattias Garrón joined the Santa Cruz office as senior associate in June 2016 from the Bolivian Attorney General’s office.

Guevara & Gutiérrez S.C’s team handles a broad range of banking and finance work but is especially strong in project finance, share purchase agreements and syndicated loan agreements; it has also been increasingly busy in the mining sector. The practice acts primarily on lender-side mandates, where clients include Inter-American Development Bank (IDB), China Development Bank (CDB), International Finance Corporation (IFC) and Citibank. The Santa Cruz-based Enrique Barrios has been advising Simmons & Simmons on banking, securities and investment fund-related regulatory matters. In La Paz, practice head Ramiro Guevara counts banking law, project finance and capital markets among his key strengths.

Security re-purchase transactions, loan agreements and insurance and reinsurance matters are particular strengths of Moreno Baldivieso Estudio De Abogados’ finance department. Ramiro Moreno leads the team with support from senior associate Miguel Angel Jemio, who is particularly strong on securities and financial instruments. Moreno acted for Credit Suisse on security re-purchase transactions with Banco Union and Banco Mercantil Santa Cruz. On the insurance side, Ramiro Moreno and Andrés Moreno advised a group of London market reinsurers on the Bolivian-insurance aspects of the LaMia Flight 2933 crash of November 2016. Lender clients include Banco do Brasil Sucursal Bolivia and Global Partnerships; Samsung C&T is a sponsor-side project finance client.

Sergio Pantoja Navajas is the key partner at Bolsa, Banca y Comercio, a banking and finance boutique based in La Paz. The team acts for local and international clients in a range of areas, including securities, investment banking and real estate leases.

Formerly known as Criales, Urcullo & Antezana, what is now Criales & Urcullo approaches its twentieth anniversary next year; María Eugenia Antezana has moved to of counsel. Increasingly a specialised boutique focusing on high-end and complex work, much of its work comes from referrals. In the finance sector, as well as handling loan agreements for lenders and borrowers, the team covers acquisition finance, commodities finance, asset financing, and insurance matters for large corporations. Its capabilities in capital markets and bond issuances are particularly noted by peers. José Criales and finance and capital markets expert Javier Urcullo are the partners to contact. Andrea Urcullo, who specialises in financial transactions and corporate and commercial law, is also recommended, as is Rubén Acuña on the regulatory side.

Mariana Pereira leads Indacochea & Asociados’ ‘multidisciplinary’, ‘responsive’ and ‘very professional’ practice, which is particularly active on bond issuances, debt restructuring and loan agreements. Recent matters saw Pereira and Andere Indacochea assist Industrias de Aceite with a $100m bond issuance and two financial promissory notes; the pair also advised Tienda Amiga on raising funds via the Bolivian Stock Exchange for operational purposes. In the project finance sub-sector, the ‘very proactive and committed’ Alonso Indacochea advised Riverfront Inversiones on drafting an investment agreement for both public and private investors regarding the $20m financing of an international clinic. The team also often assists clients with regulatory and governance matters.

Though predominantly active on the lender side, Quintanilla, Soria & Nishizawa Soc. Civ. largely acts for sponsors in project finance matters. Eduardo Quintanilla and Santiago Nishizawa head the practice; Nishizawa advised Inter-American Investment Corporation on a senior loan agreement to one company to increase its loans to small-scale grocery stores in Bolivia. He also assisted responsAbility Investments with various regulatory matters. Julio Quintanilla acted for Panamerican SAFI on the issuance, through its subsidiary PyME Progreso Fondo de Inversión Cerrado, of preferred shares in a paper company and a printing company to finance the companies’ working capital.

Led by Mauricio Becerra de la Roca, the practice group at Becerra de la Roca Donoso & Asociados S.R.L. has a strong profile for loans relating to the energy, natural resources and agribusiness sectors. Recent matters include advising Root Capital on financing of projects for companies including Jacha Inti Industrial, Asociación de Caficultores de Taipiplaya and Ecologic Coffee. Other key clients include Archer Daniels Midland and YPFB Refinación. While senior associate Ibling Chavarria left in June 2016, the firm moved rapidly, hiring senior associate José Antonio Callaú, who arrived from labour law boutique RZ Consultores. Miami-based former consultant Patricia Salinas joined as of counsel in January 2017; she will continue to work from Florida.

The team at C.R. & F. Rojas – Abogados is best known for acquisition and aircraft finance, capital raising and insurance matters. Based in La Paz, Maria del Carmen Ballivián is the key contact for aviation and insurance matters, where she advises clients including BUPA Insurance and Clínica Foianini, and assisted Avmax Aircraft Leasing with reviewing and registering several lease and insurance agreements. Also in La Paz, Sandra Salinas and Ariel Morales advised Volvo Construction Equipment on the financing of its $6.8m acquisition of heavy machinery, as well as on the transaction itself; while in Santa Cruz, Elizabeth Landivar acted for Compañía Cervecerías Unidas on a $4.2m capital increase for its subsidiary Bebidas Bolivianas.

Fernando Bedoya and Karla Würth are the key contacts at Würth Bedoya Costa Du Rels Abogados, where clients include ANNONA Sustainable Investment, BTG Pactual Chile, Penta Las Americas and Banco Nacional de Bolivia. Würth is experienced in project finance and capital markets, while Bedoya has considerable banking expertise; senior associate María Pía is also noted for her experience in capital markets and corporate finance. Particularly active in the hydrocarbons sector, the practice is known for its handling of project asset-purchase financings and loan agreement work.

Interview with...

Law firm partners and practice heads explain how their firms are adapting to clients' changing needs

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • EU and Malta Securitisation Market

    Following the US subprime crisis that began in 2007, the notion of securitisation has suffered from bad press that tainted its reputation. However, securitisation is still considered as an essential component to continued economic recovery and for well-functioning financial markets.

  • DOJ Makes the Pilot Program Permanent and Announces FCPA Corporate Enforcement Policy

    The US Department of Justice ("DOJ") had announced a pilot program [1] ("Pilot Program") on April 5, 2016, which created new mitigation opportunities for companies that (i) voluntarily self-disclosed, (ii) cooperated fully, and (iii) took timely and appropriate remedial actions in FCPA matters that fell within the Fraud Section's mandate. The Pilot Program was to remain in effect for 1 year, starting from the day of its announcement. On March 10, 2017, the Acting Assistant Attorney General, Kenneth A. Blanco, announced in a speech that the Pilot Program would continue in full force until the DOJ reached a final decision on whether to extend it, and what revisions, if any, should be made to it. [2] The evaluation period of the Pilot Program ended on November 29, 2017, when Deputy Attorney General Rod Rosenstein announced the new FCPA Enforcement Policy ("Policy"), which effectively makes the Pilot Program permanent with some revisions. According to Deputy Attorney General Rosenstein, the FCPA Unit received 30 voluntary disclosures during the time period that the Pilot Program was in force, as opposed to 18 voluntary disclosures that were received during the previous 18-month period. The Policy has been incorporated into the United States Attorneys' Manual in order to "be readily understood and easily applied by busy prosecutors" as opposed to being promulgated in memorandum format. [3]
  • Effects of State of Emergency Law in Turkey On Prison Sentences Under Criminal Execution Laws

    With the Statutory Decree No.671 dated August 17, 2016, and the recent changes with Regulations No.29987 and No.29824 on Regulation Regarding an Amendment on Placement to Open Punishment Execution Facilities effecting execution of the Law No.5275 on Punishment Execution Law has introduced significant changes.
  • [SOUTH KOREA] Supreme Court Affirms Lower Decision, Finding Invalid the Regulations on Foreign ...

    Supreme Court Affirms Lower Court Decision, Finding Invalid the Regulations on Foreign Exchange Report on Incorporation of Offshore Subsidiary by an Offshore Company
  • Disputes on Health-Related Commercial Advertisements under Consumer Law

  • [SOUTH KOREA] New Administration’s Key Environmental Policies

    To step forward as an environment-friendly government, the Moon Jae-in Administration has announced its key environmental policies, including improving safety in chemical substances and household chemical products, and reinforcing implementation measures of the Paris Agreement.  Under the “sustainable development” paradigm, the new administration will continually promote new regulations to protect the environment and strengthen its enforcement of environmental regulations.
  • [SOUTH KOREA] Lower Court Issues Favorable Decision for 27,000 KIA Motors Employees in an ...

    Lower Court Issues Favorable Decision for 27,000 KIA Motors Employees in an Ordinary Wage Case 
  • SyCipLaw TMT Bulletin: “More Philippine Data Privacy Act: Are you Ready for Phase II?”

    Controllers and processors who have completed Phase I registration with the National Privacy Commission (NPC) will now have to gear up for Phase II. Phase II involves providing the NPC certain information on the organization’s compliance with the Data Privacy Act (DPA).
  • Crowdfunding - The Path towards a regulatory Framework

      The importance and feasibility of crowdfunding platforms is increasing in stature and importance for current and future the entrepreneurs. Malta has recently acceded to the rising trend by creating its first crowdfunding platform, ZAAR, a reward-based crowdfunding platform who has recently been awarded with the first prize in its section at the National Enterprise Support Awards 2016 also as well as being one of the local projects that have represented Malta at the European Enterprise Promotion Awards 2016, held in Slovakia. Nonetheless start-ups based in Malta with global aspirations often rely on international platforms. An increase in interest has emerged amongst the art and culture community as well in social entrepreneurship projects. Crowdfunding in Malta is still at the early stages of development. Despite this, there are endless opportunities for local entrepreneurs and the local business community. Research has shown that through international crowdfunding platforms, monies have been raised for projects in the field of gaming consoles, apps and software as well as for artistic projects.  Testimony to this is a new game design studio in Malta, that launched its first game, Politicks, raised financing through the crowdfunding platform Indiegogo.

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to