Twitter Logo Youtube Circle Icon LinkedIn Icon

Paraguay > Law firm and leading lawyer rankings

Editorial

Paraguay’s small-but-open economy continues to grow apace, with average GDP rates of 5% over the past decade permitting a reduction of the number of impoverished Paraguayans by 50% between 2003 and 2016. The country’s strong track record of economic stability is based on the thriving agricultural sector and -more recently- on political priorities of targeting inflation and fiscal discipline, although the latter holds potential for conflict as seen when the President vetoed the 2017 budget to avoid any risk of default after the senate placed a limit on the amount of debt the government could issue. These measures have made the economy relatively resilient to external developments –such as falling soy prices and weak growth in major trading partners Argentina and Brazil.

Future challenges include fostering infrastructure development, greater investment in the health and education sectors, the reduction of poverty levels – and in particular violence against women (in March 2018 Paraguay passed a new national law to protect women from all forms of violence (Act 5777)) – as well as the further strengthening of the country’s institutions, particularly the judiciary. With that said, the country is regarded as firmly on the path to accelerating development and has been attracting a steady flow of foreign direct investment and realizing large infrastructure projects through public-private partnerships. It remains to be seen if the newly elected conservative government of President Mario Abdo Benítez will be able to continue the positive development and further increase the country’s influence in the region.

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.

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Chambers Guides - Insurance 2018 - India

    India is a common-law jurisdiction. In general, Indian laws borrow heavily from, and are based on, English law. However, insurance law in India has certain unique features that deviate from English insurance law. The primary legislation of insurance law in India is the Insurance Act, 1938 (the “Insurance Act”) and the Insurance Rules, 1939 (the “Insurance Rules”).
  • AVELLUM advised largest Ukrainian brick manufacturer on restructuring and refinancing of its debt

    AVELLUM acted as the Ukrainian legal counsel to Private Joint Stock Company with Foreign Investments “Slobozhanska Budivelna Keramika” (“SBK ”) in connection with the restructuring and refinancing of SBK’s debt, valued at approximately EUR20 million. Atlas Advisors, an independent investment banking firm, acted as the exclusive financial advisor to the SBK’s shareholders in connection with the restructuring of the credit portfolio, attraction of financing for the debt’s refinancing, and buy-out of SBK’s shares.
  • AVELLUM advises on Ukraine’s USD2 billion Eurobond issue

    AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the USD2 billion sovereign Eurobond issue consisting of two tranches with 5.5 and 10-year tenor. J.P. Morgan Securities, Goldman Sachs, BNP Paribas, and Citigroup acted as joint lead managers on the transaction.
  • New Anti-Money Laundering Law

    The new anti-money laundering ( AML ) law of the UAE took effect at the end of October 2018. Containing features recommended by the Financial Action Task Force ( FATF ), the new law introduces subtle but important changes to the AML landscape in the UAE. 
  • Confidentiality Under Renewed Focus

    The UAE federal government has recently issued a raft of important legislation, addressing and in many ways updating areas of law that are key to businesses in the jurisdiction. Amongst this legislation is Federal Decree-Law 14 of 2018 concerning the central bank and the organisation of financial institutions and activities (the New Banking Law ) and Federal Decree-Law 20 of 2018 concerning anti-money laundering and anti-terrorism financing (the New AML Law ). Both the New Banking Law and the New AML Law repeal and replace the previous legislation on their respective subjects. Importantly, the New Banking Law and the New AML Law have together enhanced the protection afforded to confidential information under UAE law, in particular where financial and legal service providers and their customers and clients are concerned. 
  • Israel Chapter in The Virtual Currency Regulation Review

    Earlier this year, the Israel Tax Authority (ITA) issued two circulars, one on the taxation of digital tokens and the second addressing the taxation of utility tokens in initial coin offerings (ICOs). Additionally, in March, the Israel Securities Authority (ISA) released a detailed interim report by the Committee for the Regulation of Public Offerings of Decentralized Cryptocurrency Coins (Report) (with a follow-up report due to come out around October 2018). Moreover, it is expected that before the end of 2018, legislation will come into force that for the first time will see Israeli primary legislation define virtual currencies as financial assets and mandate licensing for related services, as is later discussed in detail.
  • GRP Rainer Rechtsanwälte – Report on authorized dealer’s entitlement to compensation

    Under certain circumstances, an authorized dealer may be entitled to claim compensation after termination of the contract with the company if the latter continues to be able to use its business contacts.
  • The Intra-Corporate Transfer Regulations

    The Conditions of Entry and Residence of Third-Country Nationals in the Framework of an Intra-Corporate Transfer Regulations (“Regulations”) were brought into force through Subsidiary Legislation 217.21. These Regulations transpose EU Directive 2014/66/EU into Maltese law.
  • Spring is coming for real estate registration in Israel

    Israel may be the “Start-up Nation” and a world-renowned center of technological innovation, yet for many years the procedures and conduct of the Israeli Land Registry have been trapped in the past.
  • The Tax Working Group’s Interim Report - A capital gains tax for New Zealand?

    ​​​​​​The Tax Working Group has released its Interim Report on the Future of Tax. Amongst a number of other matters, the Interim Report describes two alternative methods for the implementation of a capital gains tax in New Zealand, which will be the subject of further consideration over the coming months. 

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to