Ferrere‘s banking and finance team has been involved in significant capital market deals involving Paraguayan corporations and key bond programs registered in Paraguay. The team provides a wide range of financing services to local corporations, international banks and multilateral organisations, including regulatory compliance work and advice on private banking and wealth management activities. Carlos Codas leads the practice and provides legal advice on banking, insurance and financial law; he also works on the legal structuring of all types of financial products and transactions. Néstor Loizaga represents foreign banks and multilateral organisations in a wide range of banking and finance transactions, while Carlos Vasconsellos focuses on international corporate finance, acting for financial institutions on corporate and structured finance transactions. Codas will replace Loizaga as office manging partner from January 2024 onwards, in line with the firm's policies for the development of leadership capabilities. At associate level, Claudia Arietti, Pamela Lezcano and Maurizio De Oliveira are key members of the team.

Vouga Abogados advises clients on a range of banking and finance matters, including multilateral loans, project financing, security structuring and the issuance of bonds. The team works with both national and international clients, such as Paracel and Banco Santander, and has extensive experience in cross-border transactions, often assisting multilateral credit agencies with operations in Paraguay. The firm recently created a specialised venture capital department, and also has a specific team, processes and protocols for the handling of collateral in financing deals. Cynthia Fatecha specialises in trusts, mutual funds, securities markets and capital markets regulations, and heads the team alongside Carlos Vouga, who takes a lead role in many of the firm’s most complex transactions. Rodolfo Guillermo Vouga also takes the lead on some key matters, and is praised by clients. Associate Georg Birbaumer is an active member of the team, who has experience in cross-border transactions, with a particular focus on financing and capital market matters. Cecilia Vera and Andres Vera are associates to note.

BKM | Berkemeyer‘s banking and finance team offers advice on the full spectrum of Paraguay’s financial market. The team has experience in both domestic and international transactions, in which the group represents all sides, from lenders to borrowers to structuring entities. The firm is actively involved in capital markets transactions and acts as the attorney to the Paraguayan stock exchange. The leasing and sales of aircrafts is another area of expertise. The team is led by Hugo Berkemeyer, the firm's figurehead; Manuel Arias, who leads the firm’s banking and capital markets practice, with extensive experience advising high-profile local and international banks; and Martín Carlevaro, who takes charge of the dedicated infrastructure and project finance practice which, alongside Arias’ banking team, has been involved in the financing of some of Paraguay’s key public infrastructure project finance deals in recent years. At the associate level, Milena Sljivich‘s experience at the attorney general’s office brings a public sector insight to finance matters. Senior associate Andres Nasser has experience and proficiency in banking regulation, and at associate level, Adriana Ocampos and Alvaro Rojas come with client recommendation. Gastón Segovia joined the team as an associate from the National Securities Commission in 2022.

Having entered the market in November 2021, Colab continues to grow as a firm. The banking and finance team benefits from the extensive experience of founding partner Jorge Gross Brown, and offers advice on complex financial transactions, project finance, capital markets, banking regulations and cross-border finance. The firm has recently taken on significant new clients, such as Atome Energy. At the associate level, Mauricio Salgueiro comes with client recommendation for his 'great expertise in financing', handling negotiations and advising key clients including IDB Invest. Juan Pablo Zaputovich and Paola Sapienza also play active roles in the team.

Palacios, Prono & Talavera advises key banks in Paraguay, such as Banco Basa and Banco GNB. The banking and financing team also advises corporate clients on various financing structures, such as loan facilities and bond issuances. The group is led by Carlos Palacios and Raúl Prono, who each have more than 4o years of experience in banking and finance matters. Leticia Prono has also taken a lead role in some of the firm’s key transactions. Raúl Prono Zelaya leads the firm’s Ciudad del Este office, handling a number of banking and finance transactions, with a particular focus on the agribusiness industry.

The banking and finance team at Altra Legal continues to provide comprehensive advice to long-standing client Finlatina de Finanzas and its fiduciary. The team has also been expanding into the fintech sector, advising clients on the creation of companies related to digital wallets and cryptocurrencies. Practice co-head José Antonio Moreno Rodríguez specialises in corporate, banking, capital markets, foreign investment, and international contracting. He leads the team alongside Adriana Sánchez Mussi, who focuses on banking, finance and investment. Associates Gabriela Melgarejo Allen and Larissa Lacout Podestá are also active members of the team.

Capital markets transactions are a particular focus of the banking and finance team at Parquet & Asociados, which also advises national and international clients on a range of other matters in the area. Creation of trusts, bond issues and banking regulations are among its other fields of strength. Practice head Javier Parquet Villagra has extensive experience advising the Paraguayan state and public entities, including the National Development Bank, and has participated in the drafting of several statues and laws in the practice area. At the associate level, Daniel Artaza has experience in banking regulations, and provides support across a range of transactions. David Dominguez assists with PPP projects and works with the anti money laundering team. Blas dos Santos joined as a senior associate from private practice in September 2022.

The banking and finance team at Peroni Sosa Tellechea Burt & Narvaja advises foreign financial institutions, including investment banks and credit institutions, on the establishment of operations in Paraguay. Practice head José Luis Vega Meza has extensive experience in the insurance sector, assisting insurance and reinsurance companies with authorisations, compliance matters and potential disputes. Graciela Narvaja's range of clients includes private equity firms, multilateral institutions, and national and international corporate clients.