Summary
The Bolivian Commercial Code was first established in 1977 and has been updated periodically, with the most recent update in 2012. The code regulates various aspects of commercial activities in Bolivia, including the formation, management, and dissolution of companies, commercial contracts, intellectual property rights, and bankruptcy proceedings. The code also outlines the rights and responsibilities of business owners, shareholders, creditors, and other stakeholders. The 2012 update included several changes, such as the introduction of new provisions on electronic commerce, the protection of consumer rights, and the strengthening of the legal framework for resolving commercial disputes. Overall, the Bolivian Commercial Code provides a comprehensive legal framework for commercial activities in Bolivia, aimed at promoting transparency, accountability, and fair business practices.