Ferrere > La Paz, Bolivia > Firm Profile

Edificio Santiago de Compostela Nro 1319, Piso 4,
Calle Gabriel Rene Moreno,
San Miguel, Calacoto

Bolivia > Banking and finance Tier 2

The client base of Ferrere‘s banking and finance practice has an international flavour typical of the firm, but the firm is also the go-to advisor for domestic bank Banco Ganadero, with which it has strong professional ties. The insurance and reinsurance markets are other notably strong niches for the department; Cargill is a standout new client in that field, instructing the team on a financing in the agriculture sector in 2021. Practice head Diego Villarroel, who was appointed to the partnership in December 2021, oversees the full range of matters and has particularly strong experience in banking regulation, project finance and capital markets deals. Senior associate Natalia Dalenz works with Villarroel on the majority of matters, and José Rivero, who rejoined the firm in August 2021, is the associate-level contact to note.

Practice head(s):

Diego Villarroel


‘Specialty in the subject of banking law, whose development in academic terms is very little developed in the country.’

‘Ferrere’s insurance and reinsurance team comprises clever lawyers who know their stuff and understand their clients. They are able to provide clear advice in complicated matters which is highly appreciated.’

‘Diego Villarroel is a very pleasant lawyer to work with. He knows his business and immediately get your needs and provides tailor-made and pragmatic advice.’

Key clients




Banco Ganadero

Goldman Sachs

Toronto Dominion Bank

Morgan Stanley


Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO)

Cargill Financial Services International

Baker McKenzie

International Finance Corporation (DFI)


Julius Baer Bank

Lockton Specialties

Cargill Americas

Work highlights

  • Advises US food and agriculture company Cargill Americas on the granting of loans to several local agricultural producers.
  • Acted for FMO in the negotiation of a financing facility agreement to be provided in favour of Sembrar Sartawi Institución Financiera De Desarrollo.
  • Advised UBS wealth management of clients of its offshore entities.

Bolivia > Dispute resolution Tier 2

Ferrere‘s group of ‘dedicated and committed professionals‘ in its dispute resolution practice acts in a disparate mix of contentious matters for a diverse client base. While the firm’s Bolivian office enjoys the shared reputation among international clients that the firm’s name affords it, in 2021 it made a concerted effort to further its presence among domestic companies. In that respect, senior associate Bruno Cuellar has been a key contact, under the stewardship of practice head Diego Villarroel, who advises local and regional clients within large commercial arbitration and litigation processes. Further at the associate level, Natalia Dalenz assists exclusively on international arbitration, while Erick Vargas supports across all matters. Laura Baldomar joined in March 2022 and has a background in real estate disputes.

Practice head(s):

Diego Villarroel


‘Ferrere’s lawyers understand that it is necessary to have fluidity in the processes and permanent communication regarding progress. They suggest agreements that put an end to litigation on the understanding that the client does not want to pay costs indefinitely but to be able to close contingencies as efficiently as possible.’

‘They have a realistic view of litigation. It is not in the client’s interest to unnecessarily delay litigation. They know that it is necessary to report progress and explain strategies to follow, providing alternatives when possible.’

‘As a team, it is essential that in everything that we as clients have taken charge of, we have emerged winners from some process in which we have been involved.’

‘The biggest plus that can be mentioned is the information and agility in being provided by the lawyers who are in charge of the company, in addition to their extensive knowledge on topics of interest that somehow help to make good decisions in the shortest possible time.’

‘Team that supports its clients with “out of the box” solutions, that understands its client’s needs and proposes win-win solutions, which is not very common in this market.’

‘Dedicated and committed professionals. Always attentive to the dates and that they do the proper follow-up of the pending actions.’

Key clients

Glencore Finance (Bermuda)


Cargill Bolivia

Arcelormittal Brasil

Alpha Mundi Group



Polimix Bolivia Hormigón

Cruzimex Comercio Exterior y Distribución

Ingenio Sucroalcoholero Aguaí

Merrick & Company

Rotomoldeos Nueva Era

Work highlights

  • Representing Glencore Finance (Bermuda) in a UNICTRAL arbitration against the Plurinational State of Bolivia before the Permanent Court of Arbitration.
  • Advising Cargill Bolivia on the recovery of its non-performing portfolio and on the strategy for recovering all its debts.
  • Acting for Arcelormittal Brasil in a commercial legal dispute arising from non-payment of a purchase agreement, signed with a local distributor.

Bolivia > Corporate and M&A Tier 3

FERRERE is re-establishing itself as a force in the Bolivian market and its ‘team of very efficient professionals‘ in the corporate law department acts for a strong set of multinational clients. It has also made a concerted and successful effort to grow its base of domestic clients and family groups with Santa Cruz’s booming e-commerce market being particular area of focus. Diego Villarroel, who was promoted to partner in December 2021, has overseen this growth as country head and leader of the practice. He assists clients with M&A, due diligence, and documentation for all types of commercial transactions. Senior associate Pablo Heredia is a corporate law specialist with a decade of experience advising local and multinational companies on day-to-day corporate matters, corporate transactions, and foreign investment regulations. Villarroel and Heredia work from the Santa Cruz office, while senior associate Jorge Palza is the main contact in La Paz. Associate Brenda Eterović comes recommended by clients and has expertise in IP and regulatory issues.

Practice head(s):

Diego Villarroel


‘We have a very good interaction with the members of the Ferrere team. They understand business needs and provide assistance in a timely and clear manner. They consider the solution that is commercially viable. Their knowledge is comprehensive of various aspects of law. Billing is appropriate to the volume of work requested.’

‘Diego Villarroel is always willing to assist us and manages a team of very efficient professionals. Has a knowledge of the law that aligns with the needs of the business. Unlike other practices, they do not remain in the “memo” but they make sure that the business need can be applied to the practice.’

‘As a team, being a renowned firm, it can in some way streamline processes that others do not have well developed, in addition to the collaboration provided to be able to carry out any case and that it be resolved in the best possible way.’

‘One of the qualities and virtues that lawyers have is to accompany each decision that requires approval or simply consultation, and having an immediate response is priceless, this demonstrates the capacity and preparation of the lawyers who are representing such an important firm.’

‘Excellent! With a lot of knowledge in Bolivian laws and regulations.’

‘The team is excellent, always at our disposal to answer queries and find creative solutions to issues that arise. All team members I have had interactions with at Ferrere are very experienced and with great technical knowledge, regarding corporate structures and entity incorporation.’

‘Jorge Palza is very experienced and his technical knowledge has facilitated our work in the country. He is extremely responsive and efficient in finding solutions to any issue or query we may have.’

‘I highlight Diego Villaroel in his capacity as partner and point of contact of the firm with our company, he has stood out for maintaining a smooth and adequate client-lawyer relationship. We appreciate his continued support. Brenda Eterovic, for her part, has provided services in an outstanding manner, also providing adequate client-attorney service, in accordance with our legal needs.’

Key clients



Banco Ganadero

Darnel Group

Ceva Salud Animal


Ingenio Sucroalcoholero Aguaí

Plasticaucho Bolivia

Iridium Satellite


Procter & Gamble

Pharma Arte Bolivia

Laboratorio de Endogenética

Comercializadora Gretel Bolivia

Productos Animales (Pro Ani)

Grupo Parejas – Tumpar


British Telecom


Work highlights

  • Advised HIG Capital on its acquisition of Ransa Bolivia (Ransabol), a company of the Romero Group, in a deal involving 12 jurisdictions.
  • Advised ACS on the effects in Bolivia of the sale of one of its subsidiaries, Cobra Group, to French company Vinci.
  • Advised BRF on the legal effects in Bolivia of its acquisition of Grupo Hercosul.

Bolivia > Labour and employment Tier 4

Ferrere‘s client base of domestic companies and multinationals operating in Bolivia look to the firm for labour and employment law compliance, and labour and employment litigation. Senior associate Pablo Heredia is the practice head who also leads the firm’s corporate law practice, with strong intersections between the two. Fellow senior associate Bruno Cuellar is the name to note for labour disputes.

Practice head(s):

Pablo Heredia


‘The best thing about the firm is that they not only give a legal concept about the queries we make, but also get involved in the reality of the company and try to provide a solution based on that reality.’

‘Experience, availability to handle queries, and good disposition are valued.’

‘The team is always ready to answer questions, queries or give the best strategy to take when a particular situation arises before it becomes problems that cost more to solve.’

‘The lawyers who currently collaborate with us keep us calm and satisfied with every decision they make and communicate to us as soon as possible so that we can give real-time feedback on what is happening.’

‘It is a team with total availability to serve customers when needed. The work they do is thorough and detailed. They have a very good knowledge of the legislation and practical management of labor relations to handle cases strategically.’

‘The team has solid bases to answer and solve queries in the field of labor law. We work with this office since all their responses have a sustainable legal basis.’

‘The plus of the firm is that they are up-to-date regarding new developments in the labor field. Pablo Heredia is a lawyer who resolves queries  in a timely manner.’

Key clients


Ingenio Sucroalcoholero Aguaí

Distribuidora Cummins




Productos Animales (Pro Ani)



Gretel Bolivia

Work highlights

  • Acted for Cruzimex in labour proceedings brought by independent distributors claiming to be payroll employees and claims brought by former employees for social benefits.
  • Representing Pro Ani in several labour litigations, involving claims for social benefits and other items initiated by six former workers.
  • Acting for Incontrol Group in several labour litigations, involving claims for social benefits and other items initiated by former workers.

Bolivia > Tax Tier 4

Ferrere‘s tax department frequently support its diverse corporate client base of multinationals on proceedings against the tax authority, and in tax aspects of transactional matters. Senior associate Mauricio Viscarra, a tax specialist with experience in international commodities, oil and gas, and litigation, leads the department with support from corporate law-focused fellow senior associate Pablo Heredia. Cargill has been a particularly active client for the team in recent years in connection with several proceedings against the Bolivian tax office.

Practice head(s):

Mauricio Viscarra

Key clients







Marriott International


HIG Capital




Work highlights

  • Advised HIG Capital on tax aspects of its acquisition of several companies of Group Ransa.
  • Advising Tigre on its international business reorganisation process.
  • Advising Cargill on a challenge process before the Bolivian Supreme Court of Justice regarding a tax administration decision of misappropriations of tax credits.

Bolivia > Intellectual property

Ferrere is picking up an increasing number of instructions in IP, managing trademark portfolios, filing oppositions and assisting with registrations.

From its office in Santa Cruz, Ferrere has been a relevant player in the Bolivian market since 2004. With a strong specialized team that offers first-class service in all major practice areas, it is valued as a “one stop shop” by the most prestigious local and multinationals companies along with multilateral organizations operating in Bolivia.

Ferrere is the only multi-jurisdictional, purely South American law firm. It has +150 attorneys throughout Bolivia, Paraguay and Uruguay and stands out for its US-style structure, methodologies and policies. The firm has developed international standards and homogeneous services, guaranteed by integrated, vertical practice groups and procedures, and a firm-wide training programme.

Ferrere is exceptional in the three jurisdictions in which it operates. It is a fully merit based organisation and has a mandatory early retirement policy and a strong focus on promoting diversity, with women making up 30% of the partnership. Many of Ferrere’s lawyers have US or European degrees and have worked for global law firms, financial institutions or at the headquarters of major multinationals. Regional and international companies, as well as global law firms, take advantage of the firm’s footprint to achieve full coverage of the region.

The firm has invested decades of hard work building practice groups dedicated to the areas of both law and industry. The firm’s industry specialization is a differentiating feature that, along with cutting-edge technology, allows it to provide clients outstanding quality legal advice with a high level of cost efficiency. Ferrere’s regional structure and depth of resources also enable it to handle the most complex cross-border and multi-jurisdictional transactions.

The firm regularly deploys members of its highly specialised talent pool to any jurisdiction where they may be required, at any time.

Clients: The firm advises mainly multinationals, including five of the top 25 Fortune 500 companies, global financial institutions and some of the largest Latin American companies. Many large global law firms also use Ferrere to complete their coverage of the region, given its multijurisdictional presence.

Main areas of practice
Banking and finance: Ferrere has outstanding work relationships with commercial banks and major multilateral lending organizations operating across the region.

M&A: Ferrere is consistently involved in almost all the market’s biggest and most sophisticated transactions and high-value projects.

Corporate: Ferrere has an outstanding team who is able to handle the biggest, most complex cross-border deals, as well as multi-jurisdictional transactions in the countries it operates in.

Dispute resolution: a significant part of the firm’s dispute resolution work involves the representation of clients who are not corporate clients, but who resort to Ferrere for their most complex commercial, investment, administrative or tax disputes.

Tax: Ferrere’s tax practice group advises clients on all tax matters and participates in business structuring, from corporate mergers or acquisitions through obtaining tax benefits for investment projects.

Employment: Ferrere is equally strong in the entire range of contentious and non-contentious labor and employment matters and focuses on providing high-quality advice on large, complex and highly strategic matters.

Intellectual property: Ferrere represents individuals and companies in developing and protecting their products, in drafting their assignment or license agreements, and in litigation focusing on violation of trademarks, patents, copyrights or unfair competition.

Energy and natural resources: Ferrere represents gas and liquid fuel as well as renewable energy companies. It advises the industry’s principal companies on day-to-day legal affairs, partner relationships, and governmental and regulatory matters.

Anti-corruption/compliance/internal investigations: Ferrere has unmatched experience in risk management and compliance. The firm’s multi-jurisdiction coverage and its practitioners’ international experience assure clients the meticulous and multifaceted approach required by today’s interconnected regulatory environment.

Other fee-earners: 250
Country head: Diego Villarroel

Santa Cruz
Av. San Martín entre 3° y 4° anillo, Edificio Manzana 40, Torre 2, Piso 20, oficina 2003.

Country Head Diego Villarroeldvillarroel@ferrere.com70200838
Other fee-earners : 223
Partners : 27