SECTORIAL AND FINANCIAL REGULATION

 

We provided legal advice to the Bolivian Administration in drafting regulations for SIRESE and the institutional development of this Regulatory System, particularly Supreme Decree Nº 24504 (institutional organization of the SIRESE) and Supreme Decree Nº 24505 (administrative procedures before SIRESE).

Our main contribution in the area regards to development of Regulation as an Administrative Law concept and in professional guidance on regulatory tasks, inspection and control of regulated activities by the Sectorial Agencies (Superintendencias).

We provided legal advice to the Superintendencia General del SIRESE to better develop its regulatory activities, including internal rules, accountability and procurement.

Our experience includes drafting chapters of the Hydrocarbons Law (Law Nº 1689) regarding regulation before the Superintendence of Hydrocarbons.

We are hired on a case-by-case basis by the Superintendence of Pensions, Securities and Insurance, as part of the Financial Regulation System (SIREFI), particularly on issues related to regulations, inspection and control of Pension Funds Administrators (AFPs) and insurance and reinsurance activities.

Just as important are our legal services to regulated companies in the Energy, Hydrocarbons and Telecommunications sectors, including appeal procedures against regulatory agencies decisions, and proceedings before the Supreme Court of Justice and the Constitutional Tribunal.

We also provide litigation services to regulated companies before SIREFI, the financial regulatory body, including appeal procedures and proceedings before the Supreme Court of Justice and the Constitutional Tribunal.

We bring a wide range of skills and experience to bear on regulatory matters, including administrative law issues, rulemaking proceedings, permitting, administrative and judicial litigation, the structuring and documentation of transactions affected by governmental regulations, mergers and acquisitions of regulated entities.

As a result, we have developed strong working relationships with the SIRESE staff, administrative authorities, and other members of the regulatory bar. Our lawyers also work closely with consultants and expert witnesses on rate and economic analyses, engineering reports and market studies.