Law Firm Directory

Browse all firms with extended profiles for Paraguay


Paraguay’s economy has continued to stabilise since the Covid-19 pandemic. The financial sector is growing: financial transactions are increasing both in number and in value. The merger of Banco Regional and Banco Sudameris was also been a notable process in the Parguayan market in 2022, and involved a number of firms in the country. Paraguay’s stable economic situation also makes the country attractive to foreign investors. Firms have noted an increase in fintech-related work, and a growing number of start-ups emerging. Infrastructure also remains a key area of investment for Paraguay: the building of national routes 2 and 7 has continued to be a key project, representing the first PPP in Paraguay.

Paraguay’s economy can be very climate dependent; beef and soy are some of the country’s biggest exports. Drought and changes in climate conditions have had a significant impact in recent years, so the environmental practice area is a fairly active one. Paracel’s project to build a greenfield Bleached Eucalyptus Kraft pulp (BEK) plant has been a significant process in the practice area in 2022, with a number of Paraguayan firms playing key roles.

The tax reform that entered into force in January 2020 saw the introduction of transfer-pricing rules. The first transfer-pricing report was due at the end of 2022, and the new rules have been a focus point for tax practices at a number of firms. Some tax teams also noted an increase in activity related to double taxation treaties; Paraguay has negotiated a double taxation treaty with Spain that is still to be enforced.

The legal market in Paraguay remains stable. Ferrere is one of the market’s leading firms, and is involved in the majority of major projects and transactions in Paraguay. BKM | Berkemeyer remains one of the key players, a full-service firm with a strong background in IP law, along with Estudio Jurídico Gross Brown. Vouga Abogados grew substantially in 2022, expanding its teams, client base, services and offices. Moreno Ruffinelli & Asociados, Mersán Abogados, Olmedo Abogados and Peroni Sosa Tellechea Burt & Narvaja offer services that cover a range of practice areas, while Parquet & Asociados continues to build on its reputation as a key advisor to government and public entities. Following its founding partners’ breakaway from Gross Brown, Colab continues to establish itself in the market, and has grown both its services and client base in 2022. SEA Abogados y Consultores Ambientales has a solid reputation in environmental law, and is one of several boutiques with specialised practice areas in the country.

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