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Olmedo Abogados

AVDA. ARTIGAS N° 942, ENCARNACIÓN 6000, PARAGUAY
Tel:
Work +595 21 207 185
Fax:
Fax +595 21 207 187
Web:
www.olmedo.com.py

Paraguay

Banking and finance
Banking and finance - ranked: tier 3

Olmedo Abogados

With particular clout in the financial litigation sphere, the team at Olmedo Abogados represented Banco Regional in several lawsuits regarding debt collection, mortgages and loans, amounting to $18m; and handled the enforcement of various credits on behalf of Banco Continental. Rocio Perez is advising Financiera Paraguayo Japonesa, as damaged party, in two alleged fraud cases; while Enrique Zacarías is assisting Banco Itapua with transactional structures, regulatory compliance matters, debt restructuring and collection as well as syndicated loans, project finance and capital markets transactions. The 11-strong department is led by Graciela Royg and Ana Peña and includes highly-reputed senior figure Gustavo Olmedo.

Leading lawyers

Gustavo Olmedo - Olmedo Abogados

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Corporate and M&A
Corporate and M&A - ranked: tier 2

Olmedo Abogados

Olmedo Abogados’ six-partner corporate and M&A team is well-versed in transactional matters, corporate structuring and incorporations. PPP projects is an area of particular expertise where Ines Galeano Estigarribia, alongside co-practice head Gustavo Olmedo and Sebastián Olmedo, continue to advise Mota-Engil on various tenders for large infrastructure projects. José Ignacio Olmedo, who also co-chairs the practice, counts Mer Telecom Paraguay among his key clients; he assists with compliance, contractual and corporate restructuring issues. A prestigious client roster includes AmTrust Insurance, Summit Pharmaceuticals and Puma Energy Paraguay.

Leading lawyers

Gustavo Olmedo - Olmedo Abogados

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Dispute resolution
Dispute resolution - ranked: tier 1

Olmedo Abogados

The eight-partner dispute resolution practice at Olmedo Abogados has a tremendous reputation for its expertise in contentious banking-and-finance matters and handles debt collections for heavyweights such as Banco Regional. Currently, José Ignacio Olmedo is representing Puma Energy Paraguay, as claimant, in a $5.6m compensation claim against Transicar regarding the alleged breach of a gas purchase contract; and defending Petrolera San Antonio against the annulment of property claims brought by a group of landowners. The practice group acts for a diverse client base, including Caterpillar Leasing Chile, Syngenta, Veritex and El Sol del Paraguay. Gustavo Olmedo is a well-established figure in the market.

Leading lawyers

Gustavo Olmedo - Olmedo Abogados

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Intellectual property
Intellectual property - ranked: tier 3

Olmedo Abogados

Excellent service and response times’ are characteristic of Olmedo Abogados’ six-strong IP department, which leaves clients ‘extremely satisfied with work performed’. Jointly led by Sebastián Olmedo and Julia Schmidt, the team assists clients such as Industrial Aceitera, Alimentos Maravillas, Hinove Paraguay and Shandong Weifang Rainbow Chemical with trade mark registrations and portfolio management. In 2017, Unicentro instructed the team with a review of the signs and displays of its new mall.

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Labour and employment
Labour and employment - ranked: tier 3

Olmedo Abogados

The seven-strong labour and employment team at Olmedo Abogados handles the full array of sectoral matters and is particularly adept at advising on labour contracts, hiring processes and terminations. The firm has also a strong labour litigation department. In on-going work, practice co-heads Ana Valiente and Susana Ramos continue to represent Mercoplast against claims brought by a former employee regarding alleged moral damages, compensation for a work accident and unjustified dismissal.

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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

Olmedo Abogados

Olmedo Abogados’ two-partner tax department is one of the first destinations for domestic and international high-profile clients seeking advice on tax planning, customs matters, and transactional as well as litigious tax matters. Recent work saw Victor Agüero act on behalf of MSU Agropy in an administrative proceeding regarding withheld tax; while the eminent Gustavo Olmedo continues to represent Codiel in a lawsuit against the National Customs Office concerning the alleged wrongful withholding of tax reimbursements. Other names to note are junior partner Fernando Gadea and associates Verónica Escobar and Rodrigo Muñoz.

Leading lawyers

Gustavo Olmedo - Olmedo Abogados

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Further information on Olmedo Abogados

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Paraguay

Offices in Ciudad del Este, Asunción, Asunción, and Encarnación

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