The Legal 500

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FULGENCIO R. MORENO NO. 509, EDIFICIO DE LA COLINA BUILDING 1ER PISO, ASUNCIÓN, PARAGUAY
Tel:
Work +595 21 447 739
Fax:
Fax +595 21 496 039
Email:
Web:
www.mersanlaw.com

Paraguay

Banking and finance
Banking and finance - ranked: tier 3

Mersan Abogados

Mersan Abogados has developed a solid banking and finance practice, handling secured and unsecured loans, capital markets transactions, debt restructurings and project finance. Highlights for the seven-strong team, which is led by Oscar Mersán, Carlos Mersán and Pablo Cheng Lu, included assisting Banco Regional with bond issuances; advising KfW Development Bank on equity and mezzanine financing projects; and counselling the IFC and IIC on project finance matters. Another key instruction was counselling the city of San Francisco on the obtaining of a $60m guaranteed loan from the Inter-American Corporation for the Financing of Infrastructure (CIFI), DEG and the Finnish Fund for Industrial Cooperation. Long-standing clients Banco Itaú Paraguay, Banco do Brasil and Bolsa de Valores also feature on the client list.

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Corporate and M&A
Corporate and M&A - ranked: tier 3

Mersan Abogados

Leveraging its excellent tax expertise, Mersan Abogados is regularly instructed by domestic and international clients, such as Pepsico Paraguay, Citibank, AMX Paraguay and Grupo Cemex, on a wide range of corporate and transactional matters. Recent highlights saw the team advise Sodrugestvo Group on the acquisition of shares in Sarcom, a company that runs port and logistics operations; and obtaining authorization from the national competition authority for the Paraguayan aspects of the Maersk Line / Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft merger. The group is jointly led by Oscar Mersán and Carlos Mersán; other key advisors are Diego Zavala and Pablo Cheng Lu.

Leading lawyers

Carlos Mersán - Mersan Abogados

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Dispute resolution
Dispute resolution - ranked: tier 3

Mersan Abogados

Commercial disputes, debt collection, tax litigation and arbitration are mainstays for the dispute resolution team at Mersan Abogados. Co-led by arbitration expert Diego Zavala and Pablo Cheng Lu, the team acts on behalf of a variety of domestic and international clients such as Banco Itaú, British American Tobacco and Bolsa de Valores. A recent case involved representing UABL Paraguay in a VAT tax dispute regarding barge-leasing. Another key instruction saw Zavala acting as arbitrator in a breach of contract damages claim between medical products distributor Jack Fack and manufacturer Comercializadora Mallinckrod Chile.

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Intellectual property
Intellectual property - ranked: tier 2

Mersan Abogados

‘A good firm’, Mersan Abogados fields a seven-strong IP department that has a strong profile for contentious trade mark, copyright, patent and licensing matters, but also handles a steady flow of registration and portfolio management work for a variety of predominately international clients such as British American Tobacco, Sanofi-Aventis, Dolce & Gabbana, Hyundai and Ebay. Hugo Mersán directs the team which includes head of the trade mark and patent group Lorena Mersan.

Leading lawyers

Hugo Mersán - Mersan Abogados

Next generation lawyers

Lorena Mersan - Mersan Abogados

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Legal market overview

The Paraguayan legal market has to some extent been experiencing its own developmental spurt during these recent years of the economy’s growth with many undergoing a process of generational hand-over. In so far as this has also been a process of modernisation, one original impulse was the arrival over a decade of the then Uruguayan -today multi-jurisdictional firm Ferrere, which along with the well-established and innovative Estudio Jurídico Gross Brown (the first of the local firm’s to complete the handover and modernisation process); unsurprisingly, it is these firm’s that tend to predominate in the banking and finance as well as corporate and M&A areas, although not without strong competition, particularly from the likes of Berkemeyer Attorneys & Counselors and Vouga Abogados, which both continue to gain momentum. Other notable full-service firms are Moreno Ruffinelli & Asociados (from whose ranks came the country’s last Attorney General, Rodolfo Moreno, who has sought to move judicial reform and professionalization up the political agenda); Olmedo Abogados, Mersan Abogados and Peroni Sosa Tellechea Burt & Narvaja. There are also numerous excellent boutiques: Parquet & Asociados is developing out of its niche focus but remains highly regarded for administrative law matters; SEA Abogados y Consultores Ambientales and Ebro - Firma Jurídica are noted for their environmental expertise; while Irún & Villamayor excels in labour matters. Zacarias & Fernández and Estudio Nora Ruoti & Asociados are recommended for IP and tax law respectively.

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Tax
Tax - ranked: tier 1

Mersan Abogados

Undoubtedly one of the leading tax practices in the country, Mersan Abogados has a wealth of experience in transactional tax matters, tax credit recovery proceedings, tax litigation, tax incentives, double taxation treaties and free-trade zones. The practice group, led by the renowned Carlos Mersán, is also adept at advising domestic and multinational clients on creating tax-efficient corporate structures and joint ventures. Diego Zavala, Pablo Cheng Lu and associate Tomás Mersan Riera are all key advisors. Representative clients include Banco Itaú Paraguay, Citibank, Pepsico del Paraguay and Farmacenter among others.

Leading lawyers

Carlos Mersán - Mersan Abogados

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Further information on MERSAN Abogados

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Paraguay

Offices in Asuncion

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