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624 BENJAMIN CONSTANT, ESQ 15 DE AGOSTO, ASUNCIÓN, PARAGUAY
Tel:
Work +595 21 444 426
Fax:
Fax +595 21 498 169
Email:
Web:
www.grossbrown.com.py

Paraguay

Banking and finance
Banking and finance - ranked: tier 1

Estudio Jurídico Gross Brown

Estudio Jurídico Gross Brown fields one of the most established practices in the country, offering stand-out service across the full array of banking and finance-related work. The twelve-strong team is appointed by lenders, debtors, borrowers and security agents, and boasts a high-profile client portfolio including BBVA Paraguay, Banco Itaú, Rabobank and IDB Invest. The department, which 'understands the expectations of international players and works very hard to meet them', assists with project finance, bond offerings, debt restructuring, credit facilities, syndicated loans and day-to-day regulatory matters, among other issues. Recent key mandates saw co-head Sigfrido Gross Brown advise UBS Group in connection with the $443m financing for the design and construction of the Loma Plata-Carmelo Peralta route (part of the Corredor Bioceánico), the first and largest project under recently enacted legislation for turnkey projects. Another headline matter included advising Goldman Sachs, as arranger, on the $500m financing of the Public Private Partnership project for the reconstruction, refurbishing, management and operation of two main Paraguayan highways (Routes 2 and 7). The team was also active in the sovereign bond offerings segment, where it acts for lenders and underwrites such as Citigroup, Goldman Sachs and Morgan Stanley. Other highly-rated advisors include senior partner Jorge Rafael Gross Brown and Jorge Ignacio Gross Brown. Associate Ximena López is another key practitioner. The team was further strengthened with the February 2018 arrival of Fabrizio Franco, formerly a senior associate at FERRERE.

Leading individuals

Jorge Ignacio Gross Brown - Estudio Jurídico Gross Brown

Jorge Rafael gross Brown - Estudio Jurídico Gross Brown

Sigfrido Gross Brown - Estudio Jurídico Gross Brown

Rising stars

Ximena López - Estudio Jurídico Gross Brown

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Corporate and M&A
Corporate and M&A - ranked: tier 1

Estudio Jurídico Gross Brown

The long-established Estudio Jurídico Gross Brown is a leading force in the Paraguayan legal market; it houses 'one of the best corporate practices' in the country which is  involved in much of the sophisticated corporate transactional work available. Led by Sigfrido Gross Brown, the ten-strong team often advises multinationals, funds, and local and regional companies on joint ventures, private equity transactions, cross-border deals, corporate governance and public tenders. Standout mandates included advising BASF on the local aspects of the acquisition of certain assets of Bayer as part of a $19m global transaction; and conducting a comprehensive local due diligence on behalf of Pertento regarding the $2bn global sale of Cinven which comprised local company Ufinet Group. The recommended Jorge Ignacio Gross Brown led advice to Argentine low cost airline FB Lineas Aereas (Flybondi) in connection with the incorporation of a Paraguayan branch. Senior associate Fabrizio Franco joined from FERRERE in early 2018 but the team lost senior associate Manuel Arias who moved to BKM | Berkemeyer in February 2019. The largely international client portfolio includes heavyweights Fiat Chrysler, Apple and Shell.

Leading individuals

Jorge Ignacio Gross Brown - Estudio Jurídico Gross Brown

Jorge Rafael Gross Brown - Estudio Jurídico Gross Brown

Sigfrido Gross Brown - Estudio Jurídico Gross Brown

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Dispute resolution
Dispute resolution - ranked: tier 1

Estudio Jurídico Gross Brown

Estudio Jurídico Gross Brown excels in commercial and civil litigious matters, demonstrating particular strength across the full-range of financial disputes, as well as highly-complex commercial cases. Out-of-court services, such as mediation and arbitration, are another key strength of the practice group, which is led by the highly regarded Raúl Andrada Nogués. The team recently acted on behalf of respondent LDS Church in relation to a $1.5m lawsuit brought by a lawyer claiming professional fees. Other standout work included representing Petrobras, as respondent, in a $5.7m compensation claim due to termination of an exclusive distribution contract. BBVA Paraguay, Ericsson del Paraguay and Banco Nacional de Fomento are also part of the team's client roster. Experienced associate Fernando Marecos is also a noted practitioner.

Leading individuals

Raúl Andrada Nogués - Estudio Jurídico Gross Brown

Rising stars

Fernando Marecos - Estudio Jurídico Gross Brown

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Labour and employment
Labour and employment - ranked: tier 3

Estudio Jurídico Gross Brown

Estudio Jurídico Gross Brown's labour practice offers advice to both companies and employees in the field of social security and employment law. Typical instructions entail assisting with termination and bargaining strategies in individual and collective disputes, domestic work regimes, methods of recruitment and compliance matters. María del Pilar Callizo heads the four-strong team which acts for a client roster of primarily domestic and Latin American corporations. Key associate Marlene López left the team in 2018.

Leading individuals

María del Pilar Callizo - Estudio Jurídico Gross Brown

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Paraguay

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