We are in counsel to the Bolivian Stock Exchange (Bolsa Boliviana de Valores S.A.), continuously since 1990. We are very proud to be part of the development of the securities market in Bolivia for such a long time, including, in particular, drafting the current Securities Market Law in Bolivia (Law No. 1834) and its regulations.

We recently concluded our involvement on the new electronic systems for transactions at the Bolivian Stock Exchange, including drafting regulations, agreements and legal advice.

We are lawyers to the main players of the securities market in Bolivia, including, among others, Bisa S.A. Agencia de Bolsa, Bisa S.A. Administradora de Fondos de Inversión, Panamerican Securities S.A., Compañía Americana de Inversiones S.A. (CAISA), Starcorp Asset Management SAFI S.A., Bolivian Investments Management Ltd. (LOCFUND and Carlson Fund investment corporations), NAFIBO Sociedad de Titularización S.A., Bolivian Fund Management S.A., Carlson Dividend Facility, Carlson Long Term Growth Facility S.A., Carlson Venture Capital Facility S.A.

Since 1990, we provided legal advice to all relevant transactions of the securities market in Bolivia, sometimes as lawyers to the Bolivian Stock Exchange, or in counsel to issuers, investors (such as pension funds, insurance companies, investment funds and others), investment banks, brokers and other players.

We are involved in the creation, development and services provision of the Central Depository of Bolivia (Entidad de Depósito de Valores de Bolivia S.A. – EDV), including drafting all its regulations, agreements and legal advice.

We have excellent relations with regulatory agencies of the Bolivian Government related to the securities market, including the securities, pensions and insurance regulators.

We frequently work with foreign investors and we are fully aware about certain legal environments such as the Foreign Corrupt Practices Act and the Sarvanes Oxley Act of the United States of America.

We provide legal counsel in specialized matters from this sector such us underwriting agreements, securitization, and investment funds.

We provided legal services to the Bolivian Administration regarding risk capital investment mechanisms for exports and production sectors in general.

Our Law Firm engages in extensive representation in debt and equity financing transactions aggregating millions of dollars on an annual basis.

We represent sponsors of venture capital funds in their capital-raising and investing activities as well as emerging growth companies seeking venture capital financing.

We have practiced actively in the venture capital area for over 20 years and were one of the early entrants in this field. Our model agreements formed the basis of many of the agreements used in today's securities market. Accordingly, we bring a vast wealth of experience to these assignments.

We provide advice on the structuring of domestic and offshore entities; prepare placement prospectus and subscription documentation; negotiate with investors; and structure investment arrangements. We represent sophisticated institutional investors and our lawyers are knowledgeable about market terms and trends.

Additionally, we provide advice in connection with transfers of shareholders interests; capital distributions; management changes; dissolution and liquidation mechanisms.

Our practice in the financial and securities market is many times related to other strong practices we have such as Oil and Gas, Energy and Banking and Finance Law.