An active player in the Bolivian debt capital market, Indacochea & Asociados advises clients on bonds and promissory notes, share offerings, loan agreements and letters of credit. The firm’s banking and finance group also excels in cross-border financing transactions and continues to add international and multilateral clients to its roster, as well as advising an impressive mix of banks, stockbrokers, accountancy firms and fintech clients. Regulatory advice is another key area for the team, which demonstrates particular expertise in financial services and banking regulation. Leonardo Azurduy joined the practice as co-head in June 2023, bringing experience in international financing to the team. He leads the group alongside Mariana Pereira, who is an expert in matters related to the Bolivian Stock Exchange and local debt instruments. Ana Carola Muñoz has continued to bring in new clients, thanks to her experience in banking and capital markets transactions. Senior associate Maria Laura Paz demonstrates particular strength in bond issuances and Bolivian stock exchange share purchases. Maria Jose Martinez left the team in July 2023. Since publication, Pereira and Muñoz have left to establish their own boutique – effective as of February 2025.
Legal 500 Editorial commentary
- Profile
Testimonials
Collated independently by Legal 500 research team.
‘I highlight the high level of professionalism. The ability to complement international knowledge/global practices with the local scenario.'
‘Excellent team, knowledge in the sector and the market.'
‘Timely attention and professionalism.'
‘They are multidisciplinary, always updated and cover the most important legal areas of need for a technology-based company. They have an "in-house" innovation area that allows them to constantly innovate and review their internal processes.'
‘The treatment is professional but without ceasing to be human. The professionals at Indacochea & Asociados empathise very well with their clients. And based on this empathy, they have cultivated good lasting relationships and a diverse knowledge base.'
‘Collaboration and working relationship have been one of their strong points since they are constantly coordinating the steps to follow closely, so that the client feels informed and updated with the procedure. It is also important to mention that the billing is in accordance with the required issues.'
'Leonardo Azurduy is a very capable and efficient person who coordinates each step of the process in a very responsible and diligent manner. He is also a person who investigates doubts when required, to always be well informed on the topic in question.'
Key clients
- Oikocredit Ecumenical Development Cooperative Society
- Tienda Amiga
- Impact Investments Group
- IZI Soluciones Digitales
- VAKA Investments
- Banco Nacional De Bolivia
Work highlights
- Advising Tienda Amiga on the modification of certain conditions of stock exchange promissory notes, ensuring compliance with internal regulations as well as with the regulatory frameworks.
- Advised Oikocredit Ecumenical Development Cooperative Society on the issuance of a comprehensive report covering Bolivia's legal and regulatory landscape in relation to microfinance activities, financial regulations and international transactions.
- Advised VAKA Investments from the beginning of its operations, establishing the legal basis to enable its business model and facilitate the operation of its commercial activities.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Alonso Indacochea
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Maria Laura Paz
Practice head
Leonardo Azurduy