Moreno Baldivieso Estudio De Abogados > La Paz, Bolivia > Firm Profile

Moreno Baldivieso Estudio De Abogados

Bolivia > Banking and finance Tier 1

Moreno Baldivieso Estudio De Abogados’s banking and finance team continues to operate at the forefront of the market. The group advises its clients on a broad scope of matters in the practice area, including the securitisation of assets, bond issuances, and complex loan agreements. The firm has an impressive list of both national and international clients, with new additions in 2022, such as Scotiabank. Practice co-head Andrés Moreno specialises in corporate, banking, M&A, arbitration and insurance matters and has extensive experience in the national and international legal market. Moreno leads the team alongside Ramiro Moreno, who counts major multinational corporations and international organisations among his clients, and René Claure, who brings over 15 years’ experience in finance law. Teddy Mercado advises multilateral financial institutions, banks and investment funds on financing transactions and financial products. Daniel Arredondo offers advice to investors interested in operations and potential projects in Bolivia, while at the associate level, Pamela Muñoz, Lilian Rodriguez and Noelia Sanjinés are the names to note.

Practice head(s):

Ramiro Moreno; Andrés Moreno; René Claure

Key clients

CAF Development Bank of Latin America


IDB Invest

Deutsche Bank


Fitch Ratings


Credit Suisse

The Brink’s Company

Western Union

Work highlights

  • Acting for CAF Development Bank of Latin America on contractual negotiations with Bolivian banks.
  • Advised IDB Invest on a revolving credit facility with Farmacorp.
  • Advising Credit Suisse on the structuring of security repurchase transactions with four local banks.

Bolivia > Corporate and M&A Tier 1

The market-leading team at Moreno Baldivieso Estudio De Abogados participates in some of the key corporate and M&A transactions in Bolivia. The firm provides a full corporate service to a large number of national and international companies and corporations from a range of sectors, including telecommunications, mining and energy. Practice head Andrés Moreno combines his experience in corporate and M&A matters with a specialisation in mining. He leads the team along with senior partner Ramiro Moreno and Luis Moreno, who specialises in corporate, finance and tax law, lead the team. Partners René Claure and Daniel Arredondo specialise in corporate, banking and arbitration matters, working alongside René Cuellar, who focuses on public contracting, international transactions and insurance. Teddy Mercado continues to advise some of the firm’s key clients, such as Google and the Claure Group. Senior associates Ines Ayala and Fernando Landa specialise in corporate, M&A and international transactions. Pamela Muñoz and Jose María Navarro are associates who play a key role in the team.

Practice head(s):

Ramiro Moreno; Andrés Moreno; Luis Moreno

Key clients


Space X

The Walt Disney Company

John Deere



Millicom International Cellular


Amazon Web Services


Work highlights

  • Advised Advent International on a multi-jurisdictional M&A transaction involving the acquisition of a 25% equity stake in Tigre Group.
  • Represented Ovando in an M&A transaction that took place in Bolivia in 2022.
  • Assisted Andean Precious Metals with the bidding process aimed at acquiring Minera San Cristobal.

Bolivia > Dispute resolution Tier 1

Moreno Baldivieso Estudio De Abogados continues to operate as a market-leading firm in the arbitration practice area. The firm’s dispute resolution team has represented private investors in international investment arbitrations against the Bolivian state, and has been involved in commercial arbitrations based on the rules of the International Chamber of Commerce in Paris. The firm continued to add both national and international clients to its client base in 2022. Practice co-head Andrés Moreno specialises in arbitration and was appointed as a member of the ICC International Court of Arbitration for the 2021-2024 term. He leads the team alongside Ramiro Moreno, who also has extensive experience in international arbitration. Delfor Zapata heads the firm’s litigation department, and has a wealth of experience in complex litigation matters related to labour, tax, criminal and civil and administrative law. The practice heads are supported by René Claure, Daniel Arredondo and Teddy Mercado, who are all familiar with both national and international arbitration proceedings. At the associate level, Pamela Muñoz, Jose María Navarro and Fernanda Veremeenco are active members of the team.

Practice head(s):

Ramiro Moreno; Andrés Moreno; Delfor Zapata

Key clients

Zurich Insurance Company

Air BP


Archer Daniel Midland

Munich RE

Fortaleza Seguros


Lloyds of London


Active RE

Work highlights

  • Advising Zurich Insurance Company on the UNCITRAL investor state arbitration it filed against the Bolivian State.
  • Advised IDOM after on ICC Arbitration for damages against YPFB.
  • Assisting Munich Re with the collection action that took place in the domestic local courts of La Paz, after it provided reinsurance coverage to Credinform in a $16m claim against Electroingenieria.

Bolivia > Energy and natural resources Tier 1

Moreno Baldivieso Estudio De Abogados continues to advise key players on some of the biggest projects in the energy and natural resources industries. The firm has offices in La Paz, Santa Cruz, Cochabamba and Tarija, and took on significant new national and international clients in 2o22, such as the Andean Precious Metals Corp and ThyssenKrupp. The team has been involved in Bolivia’s expansion into lithium exploitation, as well as a number of high-profile energy projects. Ramiro Moreno, an expert in hydrocarbons regulation and legislation, leads the team alongside Andrés Moreno and Luis Moreno. Daniel Arredondo, who specialises in mining law, and financing expert Teddy Mercado provide further support. At the associate level, Jose María Navarro has experience handling sensitive and complex transactions in the energy and natural resources space. Associate Santiago Gantier and senior associate Fernando Landa are also key members of the team.

Practice head(s):

Ramiro Moreno; Andrés Moreno; Luis Moreno

Key clients


Lilac Solutions

Siemens Energy

Exterran (Enerflex)

Total Energies

Halliburton Latin America


Compass Gas & Energia

Andean Precious Metals

Pan American Silver

Work highlights

  • Assisting ACYR Industrial, Thyssenkrup and Imasa Ingeniería with two Bolivian projects: the construction of a cement factory in Oruro, and the construction of a cement factory in Potosi, jointly valued at $530m.
  • Acted for Exterran on the Bolivian component of its $1.5bn acquisition by Enerflex.
  • Assisting Lilac Solutions with the structuring of a pilot program for lithium extraction from the Uyuni salt flats and submitting formal joint venture bids to enter into large-scale lithium extraction projects.

Bolivia > Intellectual property Tier 1

Moreno Baldivieso Estudio De Abogados continues to be a go-to firm for IP matters, carrying out a significant portion of trade mark registrations in Bolivia in 2022. Among the recent major additions to its client base was Yahoo, the team monitoring and protecting all of its trade mark portfolios. The pracitce is co-led by Ramiro Moreno, who has over 35 years of experience in the IP legal market, and is an expert in trade marks and patents, including prosecution, enforcement and litigation. Fellow co-head Rodrigo Moreno -who was raised to the partnership in December 2023- has experience obtaining patents, trade marks and copyrights for various multinational clients. At associate level, Ronald Lazarte is an experienced and successful IP litigator, specialising in oppositions and contentious IP matters, and Ronald Cortez has a wealth of experience managing trade mark and patent portfolios for national and international clients, as well as conducting due diligence, and negotiating and drafting IP-related agreements. Gonzalo Iturry, Shirley López and Adriana Guzmán are further active associates in the team.

Practice head(s):

Ramiro Moreno; Rodrigo Moreno

Key clients


CEC Entertaiment Concepts


Jafer Enterprises R&D

Industrias Venado

Drogueria Inti

Nadir Figueiredo

Telefónica Celular De Bolivia

Shanghai Moonton Technology

Inmunotec USA

Ybm Industries

Work highlights

  • Defended Droguería INTI against an infringement claim with a comprehensive strategy to defend the client and register its RESSAKA trade mark.
  • Assisted Gloria with consolidating its PURA VIDA trade mark by initiating cancellation actions against similar trade marks.
  • Assisted Jabonería Wilson with the registration of its trade mark in Bolivia.

Bolivia > Labour and employment Tier 1

Moreno Baldivieso Estudio De Abogados continues to be a leading firm for labour and employment advice, with lawyers across La Paz, Santa Cruz, Cochabamba and Tarija. The nationwide team’s intricate knowledge of Bolivian labour laws allows the firm to provide comprehensive advice on labour regulation and compliance. The group handles a range of contentious matters, including litigation, and whistle-blower and government investigations. The firm has an intricate understanding of the labour aspects of complex transactions such as M&A, joint ventures and expansions. Major national and international clients, such as Entravision and the US Embassy, look to the team for advice and practitioners have extensive experience assisting with cross-border projects. The team is led by René Claure and Paul Aramayo. Claure offers advice on a full range of employment matters and often represents clients in labour disputes and litigation. Aramayo specialises in labour and employment law, with extensive experience in both contentious and non-contentious matters. Natalio Zegarra and Juan Pablo Zegada also specialise in labour law. At the associate level, Fernando Sánchez Peña has over a decade's experience assisting citizens and companies with preventive advice and conciliation.

Practice head(s):

René Claure; Paul Aramayo

Key clients

Embassy of the United States of America

Pedidos Ya

Grupo de Comunicaciones El Deber


Embassy of Switzerland

Droguería Inti

CAF – Latin American Development

Total E&P Sucursal Bolivia


World Vision Bolivia


Work highlights

  • Assisted Drogueria Inti with as assessment of its labour law compliance.
  • Advised the Swiss Embassy on the closure of the Swiss Cooperation in Bolivia.
  • Advised El Deber on a new corporate strategy, which included individual and collective negotiations with the employees’ union, and representation before administrative and judicial authorities.

Bolivia > Real estate Tier 1

Boosted by its expertise in corporate and finance matters, the team at Moreno Baldivieso Estudio De Abogados has recently participated in key real estate transactions in Bolivia. The group assists national and international clients, such as the Claure Group and the US Embassy, with large-scale development projects, purchases and sales. The team also offers advice on the administration of real estate assets to developers, investors, resource managers and companies. Practice co-head René Cuellar has extensive experience in real estate matters, including complex constructions and engineering transactions. He leads the team alongside Teddy Mercado and Luis Moreno, who has participated in high-value real estate transactions, advising major companies in the industry. Delfor Zapata is an experienced litigator, handling disputes related to land ownership, multi-party land disputes and possessory actions. Associate Juan Diego Cuellar advises clients on real estate M&A projects, and the division and partition of real estate properties, as well as constitution and cancellation of liens and mortgages.

Practice head(s):

René Cuellar; Luis Moreno; Teddy Mercado

Key clients

Claure Group

Drogueria Inti

Industrias Venado

Compañía de Jesús

Millicom International Cellular


Embassy of the United States of America

Phoenix Towers Bolivia

El Deber

Tienda Amiga

Work highlights

  • Advising Bisa on a dispute over land valued at $8m.
  • Advising Droguería Inti on a regularisation of its proprietary right over a drug manufacturing plant.
  • Acted for the US Embassy on the acquisition of a residential property in the city of La Paz, to become the official residence of the US Ambassador in Bolivia.

Bolivia > Tax Tier 2

The tax team at Moreno Baldivieso Estudio De Abogados has an intricate knowledge of the Bolivian tax system, offering advice on tax regulations and complex administrative processes. The firm has experience handling a variety of tax-related matters, including international tax planning and structuring, tax audits, appeals and disputes. The firm has noted a recent increase in its tax-related advice to the construction sector, and related M&A transactions, while it continues to advise multinational businesses operating in Bolivia on a range of cross-border tax, legal and operational issues. The team is led by three lawyers: tax specialist Delfor Zapata, senior tax counsel Rodrigo Burgos, and associate Moises Blanco ; the latter pair can both draw on former experience working at the tax authority. Since publication, the team has been further strengthened with the hire of Luis Andrés Valda, formerly of Criales & Urcullo, as associate practice director - effective as of May 2024.

Practice head(s):

Delfor Zapata; Rodrigo Burgos; Moises Blanco

Key clients

Archer Daniel Midland (ADM)

Universidad Católica Boliviana “San Pablo” (UCB)

Aesa Ratings

Claure Group

Empresa Nacional de Telecomunicaciones (ENTEL)



Cooperativa Educacional Santa Cruz

Administración & Estructuras Phoenixtorres II

Empresa Minera Manquiri

Work highlights

  • Defended UCB in three legal actions initiated by the tax authority.
  • Assisted Aesa Ratings with a transfer pricing study after it faced a tax infringement action due to intercompany operations.
  • Advised Claure Group on the tax components of its project for the construction of a new football stadium and training facilities.

Founded in 1931, Moreno Baldivieso developed into a leading full-fledged corporate and commercial law firm in Bolivia. With offices in four of the nine most important cities in the country, the firm caters to domestic and foreign clients in most areas of law.

With a highly specialized team of 44 lawyers throughout the country, the firm serves as local counsel to the most important multinational corporations and international organizations such as the World Bank, International Development Fund (IDB), International Finance Corporation (IFC), United States Embassy and others.

Moreno Baldivieso is an internationally orientated law firm. Some of the firm’s members are admitted to practice law in more than one jurisdiction (Spain and Argentina) and most have obtained post-graduate education from some of the most prestigious universities in the world: Harvard Law School (US), Oxford University (UK), New York University (US), Sloan School of Management MIT (US), Yale School of Management (US), Instituto de Empresa IE (Spain), Universidad de Comillas ICADE (Spain), Universidad de Salamanca (Spain) and Universite Pantheon – Assas Paris II (France), to name a few.

Almost 80% of the firm’s portfolio is made up of international clients, and members of the team are fluent in Spanish, English, French, German, Portuguese and Mandarin.

Main areas of practice: Corporate/commercial; tax; oil and gas; telecommunications; arbitration (domestic and international); intellectual property; mining; antitrust; banking; finance; insurance; labor; real estate and administrative.

Department Name Email Telephone
Corporate/commercial Ramiro Moreno B E:
Corporate/commercial Andres Moreno G E:
Intellectual property Ramiro Moreno B E:
Intellectual property Andres Moreno G E:
Natural resources (oil, gas and mining) Ramiro Moreno B E:
Natural resources (oil, gas and mining) Luis F. Moreno G E:
Labor Ramiro Moreno B E:
Labor Luis F. Moreno G E:
Arbitration (domestic and international) Ramiro Moreno B E:
Arbitration (domestic and international) Andres Moreno G E:
Associates : 35
Partners : 9