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Paraguay > Banking and finance > Law firm and leading lawyer rankings

Editorial

Index of tables

  1. Banking and finance
  2. Leading lawyers
  3. Next generation lawyers

Leading lawyers

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Next generation lawyers

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Who Represents Who

Find out which law firms are representing which Banking and finance clients in Paraguay using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

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Ferrere has impressive strength in the banking and finance arena. The firm, which has ‘high knowledge of the business and the legal system’ and stands out for its ‘high-quality service’, represents several multilateral organisations involved in financial transactions in Paraguay. Its recent caseload includes advising Dutch investment company Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden on a syndicated term facility of up to $100m to Banco Continental. Manging partner Néstor Loizaga, praised for his ‘practicality’ and ‘confidence’, advised Corporación Interamericana para el Financiamiento de Infraestructura on its first ever loan in the country. The ten-strong team is led by Carlos Codas, former in-house counsel of the Central Bank of Paraguay, where he participated in the reform of the national banking regime and gained expertise in the prevention of money laundering. Other clients include global names such as Corporación Andina de Fomento, Inter-American Development Bank, Oikocredit, Deutsche Investitions- und Entwicklungsgesellschaft, Grupo Puente, Bank of America and Deutsche Bank.

Renowned for its longstanding practice, Estudio Jurídico Gross Brown provides an excellent service in the banking and finance sector; the team is praised for the ‘high value’ of its work as well as its ‘practicality’ and ability to go ‘straight to the point’. Drawing on the experience of senior partner Jorge Rafael Gross Brown, the 11-strong team represents an outstanding client roster, including national and multinational financial institutions. Highly recommended managing partner Jorge Ignacio Gross Brown acted as counsel for JP Morgan and Bank of America Merrill Lynch, as underwriters, in a Paraguayan $600m bond offering; and also acted as legal counsel for Bladex Bank in relation to the pre-export financing of soybeans to Agricola Colonial, Agrotec and Tecnomyl. Under the leadership of the renowned Sigfrido Gross Brown, the team also advised Bank of America Merrill Lynch on the structuring of a finance package for the reconstruction of international highway Route 9, and assisted long-term client Citibank in the establishment of the first guarantee trust ever used in Paraguayan project finance. Its lender-heavy client base also includes Grupo BBVA, Inter-American Development Bank, Corporación Andina de Fomento, Banco Itaú Paraguay and Banco Central del Paraguay.

Under the leadership of Martín Carlevaro, full-service firm Berkemeyer Attorneys & Counselors has a strong practice across banking, capital markets and project finance. The five-strong team advised Banco Continental on a $176.5m bond offering, marking the first issuance of international bonds by a Paraguayan financial entity, and acted for Grupo Llano in the structuring of the first livestock trust in the country. The team is also known for its expertise in PPP projects. In cooperation with the firm’s corporate department, it assisted a consortium comprised of Sacyr, Mota Engil and Ocho in bidding for the $520m infrastructure project for the duplication of Routes 2 and 7, and now acts as counsel for the main project agreements. ‘Responsive and attentive’ key partner Yolanda Pereira is ‘highly experienced and knowledgeable in the area of aviation’. PNC Bank, Cessna Finance Corporation, MicroVest Capital Management and Puente Casa de Bolsa are also clients.

Representing a broad range of national and multinational entities, Fiorio, Cardozo & Alvarado, Attorneys at Law has a well-established banking and finance practice. The team features Juan Bautista Fiorio, Marcelo Alvarado and José María Cardozo, and has strength in financial transactions and loan agreements, asset recovery, and complex insolvency matters and restructuring. It also has notable experience in project financing in the construction and real estate sector. Clients include Banco Familiar, Banco Regional, Cámara de Distribuidores de Automotores y Maquinarias de Paraguay, Cessna Finance Corporation, Corporación Interamericana de Inversiones, Investor, Tu Financiera and Visión Banco.

Moreno Ruffinelli & Asociados assists national as well as international clients in the whole range of transactional and non-transactional matters. José Moreno Ruffinelli is highly recommended by clients and peers alike, and heads an eight-strong banking and finance department which includes the well-regarded Maria Esmeralda Moreno. Its recent work includes acting for the Agencia Financiera de Desarrollo on a $110m bond issuance. The firm has advised Sudameris Bank for more than 40 years, while other key clients include Bancop, the International Monetary Fund, OPEC Fund for International Development, Gical and Solventa.

With a superb reputation for banking and finance litigation, Olmedo Abogados handled several claims for Caja de Jubilaciones y Pensiones de Bancos y Afines against public banking authorities, as well as ordinary and executive lawsuits on behalf of Banco Regional and Banco Continental. Its non-contentious work included advising on loan and guarantee trust agreements and capital markets transactions. Name partner Gustavo Olmedo is a leading expert in the area, and is part of a ten-strong department including Graciela Royg, Ana Peña, José Ignacio Olmedo and Sebastián Olmedo.

Palacios, Prono & Talavera’s team stands out for its focus on agribusinesses, but also provides day-to-day advice to national financial institutions. The ten-strong team draws on more than 30 years’ experience in the market and the excellent reputation of Raúl Prono. Other names to note are Carlos Palacios and Juan Pablo Palacios, who have ‘years of experience in the jurisdiction and great professionalism’. Clients include Banco Amambay, Sudameris Bank, Banco GNB, Provincia Seguros Argentina and Seguridad Seguros.

Vouga Abogados’ banking and finance team has ‘deep knowledge of the market’ and is ‘very proactive’. Covering public and private transactions, secured and unsecured loans, asset protection, the structuring and restructuring of entities and trusts, capital markets regulations and cross-border financing, the team represents mainly multilateral financial institutions in the country. Co-headed by Cynthia Fatecha and Rodolfo Vouga, who is recognised as a leading figure in the market, the team has recently acted for clients such as Inter-American Investment Corporation, Itaú BBA, Banco Familiar, Deutsche Investitions- und Entwicklungsgesellschaft, Latin American Agribusiness Development Corporation and John Deere Financial Chile. Now a partner, Carlos Vouga advised Tape Pora on structuring the financing for a $75m infrastructure project, and assisted Brazilian KBO Capital in setting up a brokerage firm in Paraguay. The firm was also retained by the national stock exchange to provide advice on trust agreements, the protection of assets and the implementation of a repo structure.

Mersan Abogados covers the full range of services related to capital markets and financial transactions, including issuances of local and international debt, secured and unsecured loans, trusts, debt restructuring and project finance. The practice is led by Carlos Mersán, Oscar Mersán and Pablo Cheng Lu, and recently advised Banco Itaú BBVA Brasil on the granting of loans to Pouso Alegre Group. Other clients are Banco Itaú Paraguay, Citibank, the International Finance Corporation, the United Nations, Corporación Interamericana de Inversiones, and Bolsa de Valores y Productos de Asunción.

Parquet & Asociados handles regular advisory work for the Paraguayan Central Bank, the Ministry of Finance and the National Development Bank. Its work in 2016 also included acting as counsel for the Republic of Paraguay in a $600m sovereign bond issue, advising the Inter-American Development Bank on compliance matters, and supporting the Financial Development Agency in its restructuring process alongside PricewaterhouseCoopers. On the contentious side, it represented Banco Regional in a $10m debt recovery claim against Azucarera Iturbe. Name partner Javier Parquet is recommended along with Karin Ioannidis, Enrique Dami, Rocío Benítez and José Grassi. The firm’s cross-border capability is strengthened through its membership of the Ontier Legal global network.

With a strong track record in insurance-related matters, Peroni Sosa Tellechea Burt & Narvaja fields a solid banking and finance team, under the co-leadership of highly regarded senior partners Guillermo Peroni and Marcos Peroni. Its recent work includes advising MAPFRE Paraguay Compañía de Seguros on a $4m claim, and acting for Sancor Seguros del Paraguay in several administrative proceedings before the insurance superintendence. Esteban Burt represented ACE European Group, ACE American Insurance and ACE Bermuda International Insurance in the authorisation process for the Paraguayan reinsurance market. Other strengths of the team are loan arrangements, debt capital markets matters, project financing and investment structuring. Victoria Burt, Magdalena Augé and Estefanía Elicetche are other names to note.

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