Highest Bidder to Win Administration of Commerce Registry - International Law Office

International Law Office

Company & Commercial - Bolivia

Highest Bidder to Win Administration of Commerce Registry

July 02 2001


The Commerce Registry is an organization with national jurisdiction. Its role is to regulate and guarantee the exercise of commerce. Supreme Decree 25,960 dictates that the registry must hand over the administration of its main functions to a private entity by way of public bidding in a concession process.

The pertinent functions are:

  • authorizing the registration of different business associations that are legally constituted under domestic laws and corporations or partnerships regulated by the Civil Code, and exercising control over them (with the exception of financial and insurance entities, which are regulated by a specialized institution);
  • granting and renewing mandatory registration cards to individuals and legal entities that engage in commercial activities;
  • registering acts of commerce, contracts and commercial documents (including joint ventures contracts);
  • approving company bylaws (including any modifications) as well as liquidations, transformations and mergers;
  • registering special contracts or any other documentation that concerns commercial acts; and
  • certifying the legal validity of all documents, contracts, acts of commerce, ledgers and other information that is subject to registration.

The registry will remain under the supervision of its national director. One function that the registry will maintain is the right to impose sanctions upon any person or entity that (i) engages in commercial activities without the aforementioned registration or (ii) does not register acts of commerce, contracts and commercial documents.


For further information on this topic please contact Ricardo Indacochea at Indocochea & Asociados, Abogados by telephone (+591 3535 3456) or by fax (+591 358 1200) or by e-mail (rindacochea@indacochea.com.bo).


The materials contained on this web site are for general information purposes only and are subject to the disclaimer.

Comment or question for author

ILO provides online commentaries as specialist Legal Newsletters. Written in collaboration with over 500 of the world's leading experts and covering more than 100 jurisdictions, it delivers individually requested information via email to an influential global audience of law firm partners and international corporate counsel. Please click here to register for the service.

The materials contained on this website are for general information purposes only and are subject to the disclaimer.

ILO is a premium online legal update service for major companies and law firms worldwide. In-house corporate counsel and other users of legal services, as well as law firm partners, qualify for a free subscription. Register at www.iloinfo.com.