'Confident in diving deep into multiple areas of law and regulation', BKM | Berkemeyer possesses impressive transactional expertise, and is also equipped to assist international companies present in Paraguay with day-to-day corporate matters. Leading the practice are managing partner Hugo Berkemeyer, who oversees a range of matters but is particularly known for providing advice on commercial contracts and PPP projects; Carla Sosa, an expert in the commercial aspects of transactions who was promoted to the partnership in April 2021 and is noted for her 'really good background in agribusiness', a sector in which the firm has a strong holding; and senior associate Manuel Arias, who led alongside Berkemeyer on a number of matters in 2020. Supporting the practice heads is a deep pool of associates, with Milena Sljivich and Leyla Apud being frequently involved in this area.
Corporate and M&A in Paraguay
Hugo Berkemeyer; Carla Sosa; Manuel Arias
‘They are fast to pick up complex topics and are confident in diving deep into multiple areas of law and regulation.‘
‘The team is very responsive and able to take on complex projects in a short timeline. Cecilia Vera was assigned to our project and was very responsive, helpful, and clear.‘
‘The communication and interaction aspect of the practice with respect to companies is undoubtedly exceptional.‘
‘They have a finished preparation in corporate matters and it is level among all its members.‘
‘Berkemeyer has an excellent practice, which stands out as one of the best in Paraguay. It has very valuable staff, with outstanding professionals. The study is a valuable point of support for an international company that needs to operate in Paraguay.‘
‘Throughout our relationship with the Berkemeyer practice, the quick response and reliability when externalising the advice has always been very efficient.‘
‘BKM has a very solid structure in corporate and M&A. We had to meet them as a counterpart in an operation and from there we began to grant them various project jobs, both corporate and specifically M&A. BKM has a deep sense of empathy and commitment to first know the client’s business area before issuing opinions. It also stands out for the speed of consultations and close accompaniment with constant follow-up.‘
‘We know that BKM is an office with great clients and in the same way we feel very cared for and with AAA service.‘
Agar Cross Paraguaya
Dow Agrosciences Paraguay
American Tower Corporation
Astarte Capital Partners LLP
Consorcio Corredor Vial Bioceanico
Consorcio DC Ingenieria – Stiler
Green Flower Brazil Serviços Administrativos
Johnson & Johnson del Paraguay
Líneas Panchita G.
Rutas del Este
Timac Agro Paraguay
Fernado Leri Frizza Group
Compañía de Petróleo y Asfalto (Compasa)
Ebanx Payment Solutions
Tetra Pak Paraguay
Grupo Zuccolillo Mosciaro
Metro World Digital
Rizobacter del Paraguay
Savant Pharm Paraguay
Pedidos Ya Paraguay
- Advising ECB on its investment in Paraguay aimed at installing the first industrial plant for the production of biodiesel, in the areas of environmental law, corporate and business law, contractual and regulatory matters.
- Acting for Monsanto/Bayer Paraguay in all strategic corporate matters in Paraguay, including reviewing contracts and guarantees, as well as support with technology usage licenses.
- Assisting Consorcio Corredor Vial Bioceanico (CCVB) as local advisor in regulatory, financial, contractual, labour, tax and compliance matters for the Corredor Bioceanico route project.
Praised as ‘reliable, flexible, creative and innovative‘, Ferrere in Paraguay is renowned for its advice to international clients, which benefit from the firm’s ability to provide advice in a number of jurisdictions thanks to its broad office network in South America. The team also has a broad base of domestic clients operating in key industries such as agribusiness, logistics and retail. Néstor Loizaga heads the department; he handles cross-border M&A and complex corporate matters for multinationals. Carlos Vasconsellos has concentrated his practice in the corporate arena recently and is particularly experienced advising clients in the infrastructure sector. This included advising Impala Terminals on its acquisition of Puma Energy’s business in Paraguay; Loizaga and Verónica Franco advised Puma Energy. Senior associate Claudia Arietti is another important contact, with extensive M&A experience, while Eduardo Ammatuna has a niche specialism in fluvial law.
‘The Ferrere Paraguay team is highly technical and focused on customer needs. They present specific and objective legal solutions. Furthermore, the availability and involvement of the team is unmatched and unique.‘
‘Reliable, flexible, creative and innovative. Most importantly legal counsel with integrity.‘
‘Veronica Franco and Miguel Saguier are very attentive to the client’s needs and their proactivity stands out. In addition, the legal solutions presented by them are innovative and connected with the general interests of the client.‘
‘We have had very good assistance, especially with Veronica Franco, who has managed and coordinated all our needs with all the other lawyers and permanently accompanied, Miguel Saguier, Federico Silva and Nestor Loizaga.‘
‘Good response time.‘
- Advised Credicentro on its triple merger with Pasfin and LCR.
- Advising Consorcio del Sur on the Costanera Sur avenue project, including awarding of the tender, incorporation of the SPV, the execution of the construction contract with the Paraguayan government, and day-to-day matters.
- Assisted Florida-based Eastern Airlines with obtaining permission to set up a regular commercial route for passengers, cargo and mail between Miami and Asunción.
The broad corporate and M&A practice at Estudio Jurídico Gross Brown covers the gamut of work in this area, from advising on the life-cycle of a transaction to corporate governance. Senior partner Sigfrido Gross Brown continues to head the practice and maintains an active role, leading on the majority of the team's workload, while Jorge Rafael Gross Brown is another reference in the market, and has been particularly active recently in corporate reorganisations. Both co-led recent highlight advice to BBVA regarding the sale of 100% of its share capital in BBVA Paraguay to Banco GNB Paraguay for around $270m. Jorge Ignacio Gross Brown has expertise in banking and capital markets, as well as experience in market-leading M&A. In addition to the partners, senior associate Pablo Debuchy is a key member of the team, and is especially adept in the banking and energy sectors, and both Kamila Gimenez and Mauricio Salgueiro are highlighted for their ability to 'quickly understand the client's needs.'
Sigfrido Gross Brown
‘The work Estudio Gross Brown gave us was really wonderful. The main characteristic of the service they provide is the speed and agility with which they work, this I consider essential, since the times we resort to the office it is because we need agile, fast and concrete answers.‘
‘I have worked with Pablo Debuchy and Kamila Gimenez, and from both of them I received a wonderful treatment, with great kindness, professionalism, speed and agility in responses, permanent availability to accompany us in meetings and advise us on various topics.‘
‘Corporate matters are advised by Kamila Gimenez and Mauricio Salgueiro, who are distinguished by the quality of the products delivered, the agility to analyse and respond to concerns and the willingness to meet the company’s needs.‘
‘The team is always available and understands the urgency of the client, offering alternatives to the problems presented by the client’s reality.‘
‘Mauricio Salgueiro and Kamila Gimenez are creative in the solutions presented and quickly understand the client’s needs in a specific problem.‘
‘Opportunity of response, quality of care, predisposition.‘
‘It is a law firm equipped with a team of highly capable legal professionals in all branches of law.‘
‘Excellent corporate attorneys. They are on call, and quickly and efficiently meet our needs.‘
Cotecna Del Paraguay
Compañía De Cervecerías Unidas
Archer Daniels Midland Company
Banco Itaú Paraguay
Club de Ejecutivos del Paraguay
Amazon Web Services
Empresa Distribuidora Especializada (Edesa)
- Advising Credicentro on its merger with Crediplus, Pasfin and LCR.
- Assisted BBVA with the sale of 100% of its share capital in BBVA Paraguay to Banco GNB Paraguay for around $270m.
- Advised Empresa Distribuidora Especializada on a corporate reorganisation, for the sale of 100% of its shares to Distribuidora Gloria, for approximately $7m.
A fixture in the Paraguayan corporate law market for over 50 years, Peroni Sosa Tellechea Burt & Narvaja remains a go-to firm, whose client base has a strong domestic presence, be it homegrown companies or multinational stakeholders. Though it maintains a wide-ranging practice, a standout specialism of the team is in the transport sector, even more specifically in shipping, where a highlight in 2020 saw Francisco Peroni acting as lead counsel to Imperial Shipping on the sale of its Paraguayan companies conducting waterborne transportation services. Two lawyers with extensive experience co-head the practice: Esteban Burt acts for international clients in foreign investments, as well as mining and oil-sector operators and leading aviation companies in their relationships with state entities; and Marcos Peroni, who advised on a number of matters in the insurance, distribution and entertainment sectors during 2020. Victoria Burt is the main contact for corporate compliance matters, heading that sub-team, and Eduardo Alfaro has niche expertise in investments obtaining tax incentives granted under Law 60/90 and Maquila Law. Also noted is associate Vanessa Oddone, who has recently brought a number of new clients to the practice.
Esteban Burt; Marcos Peroni
‘The firm has a unique perspective to understand the needs and context in which the client who needs advice develops, with a depth that is one of a kind.‘
‘In my experience, I have always received more than one valid legal opinion. They have been able to give me perspective, scenarios, etc.‘
‘Guillermo Peroni and Esteban Burt, for me, are exceptional professionals in their field.‘
‘Esteban Burt is a top-notch corporate attorney. He has very solid technical knowledge and remarkable business acumen and experience.‘
‘Good predisposition, comprehensive advice that is not only limited to specifically answering the questioned points but gives added value to the work taking into account that as clients we need a global vision, and that is what distinguishes them from other firms.‘
‘Victoria Burt and Vanessa Oddone were very expeditious, they met the proposed objectives and within the stipulated deadline. They were able to adapt the changes in a practical way to the day-to-day operations of the company.‘
Imperial Shipping Paraguay
Obras Terminales y Servicios (OTS)
Latam Airlines Paraguay
Marubeni America Corporation
MAPFRE Paraguay Compañía de Seguros
Marubeni America Corporation
Establecimiento las Marias SAIC
Santa Rosa Paraguay
Perfecta Automotores – BMW Paraguay
Fortaleza de Inmuebles
- Assisted Imperial Shipping Paraguay with the sale of the Paraguayan companies of Imperial Group conducting waterborne transportation services.
- Advised Obras Terminales y Servicios (OTS) and Riverpar on the negotiation and execution of a long-term contract with Puma Energy, which owns approximately 200 gas stations in Paraguay.
- Assisted Loma Negra and Yguazú Cementos with a share purchase agreement.
Experienced advisors in major complex M&A and corporate compliance, the team at Vouga Abogados 'has a high technical specialisation but at the same time also has practical experience, common sense and a correct risk assessment'. Major multinationals, as well as major domestic companies such as Copetrol, instruct the practice, which is headed by three key names in the market. Figurehead and elder statesman Rodolfo Vouga has over 40 years' experience; his son Rodolfo Guillermo Vouga leads on the majority of the firm's most prominent cases in this area, including advising Paracel on all aspects of its $3.2bn pulp mill project. Co-leading on this was co-practice head Perla Alderete, who has 20 years of experience and is especially strong in M&A. Carlos Vouga is an important contact to note, and the 'very professional and efficient' Rodrigo Fernández also comes highly recommended. Associate Manuel Acevedo also stands out, particularly for his recent work in data privacy matters.
Rodolfo Vouga; Perla Alderete; Rodolfo Guillermo Vouga
‘Vouga lawyers are very committed to us and what we appreciate the most is the personalised contact.‘
‘Vouga Abogados team has the ability to address the client with a practical business language, fully internalising the client’s operations. Its differential is that the professionals are able to offer solutions or immediate opinions as a preview and then go deeper into details. Being the first highly valued in a commercial / competitive field.‘
‘Rodrigo Fernández stands out especially for his enormous assertiveness and knowledge of the area. Not only does he provide adequate solutions, but also very creative ones, and that for an organisation like ours is highly valued since we promote out-of-the-box thinking. Another capacity that we value in this professional is the rapid understanding of the needs of our business, which, being a hyper-regulated area, requires a great capacity to adapt to very restricted environments.‘
‘Rodrigo Fernández is very professional and efficient.‘
‘The team has a high technical specialisation but at the same time also practical experience, common sense and a correct risk assessment.‘
‘Rodolfo Guillermo Vouga and Rodrigo Fernández have excellent expertise in banking and financial matters, regulatory issues and new trends in control bodies.‘
‘Art of negotiation. Rodolfo Vouga is very good at that and has given many important tips in two transactions that I am participating in.‘
Procter & Gamble
Archer Daniels Midland
British American Tobacco
- Acting for Paracel and sponsors on all legal aspects of its $3.2bn eucalyptus pulp mill project.
- Assisted Brazilian logistics operator JSL in its acquisition of the local subsidiary of Fadel.
- Assisting Zavidoro with setting the legal framework to expand its e-commerce platform to non-related wholesalers of clothing and related products.
Fiorio, Cardozo & Alvarado, Attorneys at Law
Fiorio, Cardozo & Alvarado, Attorneys at Law maintains a solid corporate and M&A practice, which has been busy recently with domestic capital markets work. Founding partners Juan Bautista Fiorio and Marcelo Alvarado have coordinated this department for over 30 years and act for a range of longstanding multinational clients, including Nestlé, DHL and Samsung, who look to the experienced firm for day-to-day assistance with corporate governance. Corporate legal advisor Bruno Fiorio is another name to note.
Juan Bautista Fiorio; Marcelo Alvarado
Kimberly Clark Paraguay
Sanofi Aventis Paraguay
Nipro Medical Corporation
- Acted for Oficina Tecnica Industrial and IPY in its $3.6m share package sale.
- Advised Dysa Healthcare on the sale of 50% of its share package to Ochoa.
Moreno Ruffinelli & Asociados
Moreno Ruffinelli & Asociados' corporate law practice regularly acts as counsel to clients involved in some of the country's most notable deals, and also advises on a range of cross-border transactions. In a matter that affected the city of Pedro Juan Caballero, the team advised meat processing company Frigomerc on a services agreement with Frigonorte, through which the latter will be in charge of the whole meat processing life-cycle. This was led by practice head José Moreno Ruffineli with support from Maria Esmeralda Moreno. Carlos Dario Rufinelli and Roberto Moreno are also key contacts in this area.
José Moreno Ruffinelli
‘Moreno Ruffinelli is a comprehensive firm with very good response times for project implementation. Likewise, they accompany clients, which provides them with legal security.’
‘Closeness to the client, precision in concepts.’
American Embassy, Usaid, Peace Corps
Aerovías Del Continente Americano
Avianca (Paraguay Branch)
Centro De Importadores Del Paraguay (Cip)
Gical Almacenes Generales De Depósito
Hamburg Süd Paraguay
S.A.C.I. H. Petersen
Compañía De Petróleos Y Asfalto (Compasa)
Philips Del Paraguay
- Advised Avianca Holdings on the establishment of the branches of Tampa Cargo (Avianca Cargo) for the cargo flights of Avianca as well as Avianca Perú and Avianca.
- Advised Frigomerc on a services agreement with Frigorífico Norte-Frigonorte, through which Frigonorte would be in charge of the whole life-cycle regarding the processing and production of meat.
- Advised Instituto Radiologico Iribas and Instituto Codas Thompson on a bidding process conducted by the National Social Security Institute to provide radiology services to a new hospital.
The ten-strong corporate and M&A team at Palacios, Prono & Talavera acts for domestic and multinational companies in a number of sectors crucial to Paraguay's economy. Agribusiness is a standout strength for the practice, with construction and cement production further niches in which the firm is well known; despite the pandemic, the firm's clients in these sectors remained active during 2020. Senior partners Carlos Palacios and Raúl Prono lead the team, while Leticia Prono is involved across the full range of matters, and led advice to Grupo Nación on a transfer of audiovisual rights for the Qatar 2022 World Cup Qualifiers. Juan Pablo Palacios is also a key figure here, and Gabriela Torio provides key support at the associate level.
Carlos Palacios; Raúl Prono
‘We are completely satisfied with this practice. A total predisposition towards the client, from the partners to the assistants, with total professionalism. At the height of the complex operations of our company.‘
‘The attention is personalised. My dealings are mostly with Carlos Palacios and Leticia Prono, with whom I have a permanent direct line. The work is pleasant, professional, and efficient. Both professionals have a great ability to move forward on important issues without delay.‘
‘Extensive experience in mergers and acquisitions; mastery of the laws that affect companies; excellent negotiation skills; bilingual professionals (Spanish-English).‘
‘The strengths of the team would be: high knowledge of the laws, high level of resolution and issuance of cases, and the level of involvement and monitoring of the team in the cases they carry out.‘
‘What makes them stand out is the degree of knowledge and constant updating; their level of involvement and capturing of the details of each case and the degree of expedition to understand the possible solutions. The partners we deal with are Raul Prono, Leticia Prono, Gabriela Torio, Mirian Vazquez, Carlos Palacios.‘
‘Juan Pablo Palacios is simply an extraordinarily talented lawyer, who has great knowledge and skill for bringing solutions to any complex matter. Generous in his time and always focused on the client.‘
‘Leticia Prono is always available and promptly for inquiries and requirements.‘
‘PPT is a law firm that knows our group as if they were literally part of it. They accompanied our growth and both the partners and the junior team that follows manage a professionalism in relations with the client, as well as with the counterpart.’
Complejo Agroindustrial Angostura (CAIASA)
Cargill Agropecuaria SACI
CHS de Paraguay
Tabacalera del Este
Grupo Nación y Grupo Multimedia
Cementos Concepción (CECON)
Bebidas del Paraguay
Distribuidora del Paraguay
Impala Terminals Paraguay
Mediterranean Shipping Company
Navegación del Sur
P&O Maritime Services Paraguay
P&O Maritime Holdings
Terminal Occidental (TOSA)
Emprendimientos Hoteleros – Hoteles Contemporáneos
Imperial Compañía Distribuidora de Petroleos y Derivados
- Advised Banco GNB Paraguay on its $251m acquisition of 100% of Banco BBVA Paraguay, the local unit of Spain’s BBVA.
- Assisted Monte Alegre with the sale of its assets, consisting of three tugboats and 18 barges, to Mercopar, while securing a minimum transport volume with a $50m take-or-pay provision.
- Acted for Grupo Wasmosy in the sale of 100% of its share in Providencia de Seguros to Banco Itaú.
Altra Legal‘ corporate and commercial department recently grew its international and domestic client bases with the respective additions of CTC Global and Cervepar. María Belén Moreno and Lucia Cazal Zaldivar co-lead the practice alongside founding partner José Antonio Moreno Rodríguez, who leads the team in matters from incorporations of businesses in Paraguay to day-to-day corporate compliance.
José Antonio Moreno Rodríguez; Karin Kennedy; María Belén Moreno; Lucia Cazal Zaldivar
‘Altra is directed by José Antonio Moreno Rodríguez, a professional with extensive experience in our environment and vast knowledge in the field. Over time, it has managed to form an excellent team combining youth and experience, mostly with training abroad, which allows us to provide an increasingly better service. We see great potential in the Altra team.‘
‘In our opinion, they have many contacts within the country that make them differential. Mr Moreno in particular is an excellent professional who evacuates our doubts, whether they are from his own area or from others.‘
‘Both José Moreno and Karin Kennedy give us a differential quality service, due to their willingness and speed to evacuate our doubts. There is great trust between my company and Altra, and that is associated with professional quality.‘
‘It is essential that lawyers have full knowledge of the particularities of the area in which the company they advise operates. That is to say, given the current situation, it is extremely important that they know not only the academic legal part but also the “other side of the counter”. At Altra, we find this particularity and use it to benefit our businesses.‘
CTC Global Corporation
Transporte Fluvial Paraguayo
Mitsui OSK Lines
International Chamber of Commerce (ICC) – Paraguayan Chapter
World Bank (International Finance Corporation)
American School of Asuncion
Colegio Japonés Paraguayo
Centro de Estudios de Derecho, Economía y Política (CEDEP)
- Advised CTC Global on the incorporation of a company in Paraguay.
- Assisting Click with a variety of contracts and compliance matters.
- Advising Toyotoshi on all its day-to-day corporate matters.
The corporate and commercial law practice at Olmedo Abogados assists a number of international and multinational clients, including Puma Energy and Syngenta, as well as a strong base of domestic companies, who benefit from the firm's locations in Asunción, Encarnación and Ciudad del Este. Gustavo Olmedo and Jose Ignacio Olmedo coordinate the work in this area, which ranges from M&A and restructuring to commercial agreements and incorporations in Paraguay. Consumer law has also been an area of recent growth. Alejandra Olmedo is a key contact at the associate level.
Gustavo Olmedo; Jose Ignacio Olmedo
‘They have a high-level multidisciplinary team to meet the needs of clients in different areas.‘
‘The firm’s lawyers are highly qualified professionals, so their advice is highly valued in the decisions that we make as clients in the different disciplines in which they advise us.‘
‘They strive to provide answers in a timely manner ensuring the quality and evaluation of all possible points of view. During the time of commercial relationship they have exceeded our expectations.‘
‘Closeness, disposition and professionalism are the main characteristics that we perceive as outstanding in the service.‘
‘I can highlight the following: empathy, wide experience, ability to analyse and solve problems.‘
‘Its lawyers stand out for their conceptual and technical strength. They differ in proximity to the customer and good service. Definitely quality and good service are its best qualities. Alejandra Olmedo, Gustavo Olmedo and Carolina Lebron.‘
‘I can say that the firm’s lawyers have an added value due to their relationship with clients.‘
Starr Insurance Holdings
Asociason de Productores y Exportadores de Carne (Apec)
Kin Master Paraguay
- Advised Starr Insurance Holdings on the corporate restructuring of its holding and international branches, specifically on the implications this would have on its Paraguayan subsidiaries under insurance and reinsurance regulations and local antitrust law.
- Advised stockbreeders associations in connection with the concentration of the Paraguayan meatpacking industry and the consequences of this industry exercising its market power in detriment of the cattle breeders.
- Assisted Duratex Brasil on its representation, distribution and agency contracts with Paraguayan parties.
Mersán Abogados advises on corporate and commercial issues, often building off its strong base as a leading tax advisor in the jurisdiction. Regular instructions for the team include incorporations of companies in Paraguay, liquidations, restructurings and regulatory issues. The three primary contacts heading the department are Pablo Cheng Lu, Tomás Mersan and Carlos Mersán; former practice head Diego Zavala also remains an important part of the department.
Pablo Cheng Lu; Tomas Mersan; Carlos Mersan
Banco Itaú Paraguay
Molinos Asunceno Alberto Helbrun
Frigorífico JBS Paraguay
Aseguradora del este
International Finance Corporation (IFC)
Universidad Columbia del Paraguay
Pure Circle South America
Granja Avícola La Blanca
NB Casa de Bolsa
Banco do Brasil
Bolsa de Valores y Productos de Asunción (BVPASA)
Anasac International Corporation
United Nations (ONU)
Cámara Paraguaya de Exportadores de Cereales y Oleoginosas (CAPECO)
Parquet & Asociados and its founding partner Javier Parquet are best known for their expertise in public procurement; the firm often advises domestic and international entities on bidding for public tenders. However, the practice is also adept in various corporate law matters, including corporate compliance, commercial contracts and incorporations of operations. José Grassi Pampliega and Rocio Benitez are active in a range of corporate matters.
‘The members work very well as a team. Everyone collaborates equally.‘
‘Professionals need to have technical knowledge, but also to know the needs and business of their client, which is one of the strengths of Parquet.‘
‘Javier Parquet – Knowledge and total availability for the construction of vision and long-term projects with his clients.‘
Terramico Resources Paraguay
Compañia de Aviación Paraguaya – Paranair
Paraguayan Association of Meat Producers and Exporters – Appec
- Assisting the Paraguayan Association of Meat Producers and Exporters (Appec) regarding the proposed alliance between refrigeration company Frigonorte and Athena Foods.
- Advising Terramico Resources Paraguay on corporate law matters following its incorporation in Paraguay.
- Assisting Paranair with drafting contracts.