2014, Legal 500 Bolivia


Ferrere is a first tier firm

FERRERE’s banking and finance department is one of Bolivia’s market leaders. Just eight years after establishing itself in the country, the firm’s client list includes, among others, the Inter-American Development Bank (IDB), UBS, Credit Suisse, JP Morgan Chase and Deutsche Bank. The team recently advised the IDB on structuring an $18m subordinated loan to Banco Económico, a mandate involving the preparation of a comprehensive due diligence report, regulatory advice, and participation in the drafting of the loan agreement. Carlos Pinto leads the department. Other key contacts are Cristian Bustos, who heads the firm’s Bolivia offices and Lindsay Sykes, whose practice focuses on cross-border matters, including regulatory and compliance advice.


Ferrere is a second tier firm

Cristian Bustos heads up the team at FERRERE. With offices in both La Paz and Santa Cruz, it advises leading local and international clients on a wide array of corporate matters, including relevant cross-border deals facilitated by its growing regional presence in Paraguay and Uruguay. An impressive client roster includes Ericsson, Cosan, Bureau Veritas, Novartis, Dufry, APM Terminals, Yamaha, Axial Energy, Virgin Mobile, ADM, Cargill, Millicom and Cummins. Carlos Pinto recently assisted French multinational Bureau Veritas with the incorporation of a subsidiary in Bolivia. The firm was also involved in several public bidding processes which culminated with the signing of two supervision agreements with state-owned YPFB, the first to supervise the $843m construction of a urea and ammonia plant, and the second to supervise the construction of a liquid natural gas plant for $143m. Bustos led a team that assisted global freight-forwarder Röhlig on the sale of the company’s Bolivian operations to a local party and subsequent assets transfer. Also recommended is US-trained Lindsay Sykes, who has strong international experience in complex corporate and commercial transactions.


Ferrere is a third tier firm

The five-lawyer team at FERRERE is one of the key IP practices in the country, and represents local and multinational clients from sectors including telecoms, agribusiness, finance, pharmaceuticals and transportation. Recent highlights include assisting Groupon with the filing of a judicial appeal before the Bolivian Supreme Court to challenge the local IP regulator SENAPI’s interpretation of the norms of the Andean Community’s common intellectual property regime. Other matters saw the team representing DIRECTV, for which it presented 26 trade mark applications and two commercial slogans, as well as successfully opposing a trade mark application by Nexus Technologies. Team head Carlos Pinto is assisted by Lindsay Sykes, who has experience in prosecuting and litigating complex IP disputes, and acting for clients in protecting their intellectual property rights from infringement, counterfeiting, and misappropriation. Also noted is associate Gonzalo Iturry, who is highly versed in IP dispute resolution and copyright and trade mark registration.


Ferrere is a second tier firm

As part of the full range of services provided by FERRERE, Cristian Bustos heads a team which assists clients across the full breadth of labour law practice, from due diligence, compliance and regulatory issues, to disputes, employment contracts and day-to-day issues. The team continues to develop its profile and is especially active assisting international clients with the process of entering the Bolivian market and establishing their local operations. Among other notable clients, the practice has assisted Ericsson, COTAS, Virgin Mobile, Skanska, Cargill, Millicom, Cummins, Bolivisión and Pernod Ricard. Recent work included resenting ADM in a class action brought by former employees demanding a readjustment of their settlement benefits; the case was the largest labour dispute faced by ADM since it entered the Bolivian market. Another matter saw Bustos, jointly with Carlos Pinto and Pablo Heredia, handling advice to Cargill on the termination of a major services agreement with a local company, which required contingency management and the analysis of data privacy matters.


Ferrere is a second tier firm

Cristian Bustos, who has more than 13 years’ experience, leads the real estate practice at FERRERE. Bustos has participated in some of Bolivia’s leading real estate projects and transactions for clients including ADM, Somax Agro, Cargill, Transportadora de Electricidad and Agropecuaria Jibotá. Key partner Carlos Pinto recently advised cereal-and-cattle group, Bolfarm, one of Bolivia’s most important agricultural landowners; and he has also been active assisting SOS International. The team also advised Forestry Management Services on the incorporation of four companies and the purchase of nine production farms, a mandate that also involved advice on tax and labour matters. Other matters included representing Tigo (Millicom) in the procurement of nine municipal licences to operate as a commercial business in Bolivia’s most important urban centres.


Ferrere is a third tier firm

FERRERE, which has been expanding across all aspects of the Bolivian legal market, has an impressive tax practice led by Cristian Bustos. The team assists local and international clients on matters ranging from general tax consultancy to tax litigation. The practice group has assisted international clients, including Repsol, Virgin Mobile and ADM, regarding their tax concerns in the local market, and recently represented Millicom (Tigo) in a series of disputes with the National Revenue Service (SIN). The team also successfully assisted Ericsson regarding a number of tax audits ordered by the tax administration to verify the correct payment of value added tax. Associate Pablo Heredia is also noted.

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