Ferrere > Asuncion, Paraguay > Firm Profile
TORRES DEL PASEO, TORRE I - NIVEL 25
AVDA. SANTA TERESA NO. 2106
Ferrere > The Legal 500 RankingsFerrere‘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.
‘Ferrere has a great team, with a great depth of knowledge in many areas of expertise. Its advice to us covers (among others) tax, labour, regulatory, corporate, and our companies use the firm for matters related to banking, brokerage, securities, and mutual funds.’
‘I mainly work with Pamela Lezcano and Carlos Codas. They provide us with legal opinions and content in a very expedient manner. I have recommended their services to a number of local and foreign colleagues and expect to continue teaming up with them.’
Puente Administradora de Fondos de Inversión
Consorcio del Sur
Agence Française de Développement (Proparco)
CAF (Andean Development)
Avalon Administradora de Fondos Patrimoniales de Inversión
Banco Santander Uruguay
Solar Ahorro y Finanzas
Regional Administradora de Fondos Patrimoniales de Inversión
- Advising Rabobank, the major shareholder of Banco Regional, on the merger of Banco Regional with Banco Sudameris.
- Retained by Nederlandse Financierings – Maatschappij voor Ontwikkelingslanden (FMO) on an unsecured financing facility to Bancop for an aggregate amount of up to $30m.
- Advising Ueno on obtaining a license from the Central Bank of Paraguay to operate as a local bank.
‘Excellent quality, very superlative compared to other offices in the country.’
‘Verónica Franco is an excellent lawyer.’
Hidrovias do Brasil
Cervepar (Anheuser Busch-Inbev)
ICG Strategic Equity Fund III-A
- Advised J&F Investimentos on obtaining merger control clearance related to its acquisition of Vale’s local entity, Transbarge Navegaciones.
- Advised Grupo Vázquez on merger control clearance related to the acquisition of local company J. Fleischman.
Paraguay > Corporate and M&A Tier 1The team at Ferrere handles the full range of corporate matters, from M&A and joint ventures, to contracts, commercial matters and day-to-day advice. The firm regularly works with international clients, and has experience advising foreign companies on the establishment of operations in Paraguay. The team assists clients from a range of sectors, including agribusiness, construction and technology. Néstor Loizaga heads the team and handles complex cross-border transactions, taking a leading role advising clients such as Rabobank. Carlos Vasconsellos has experience in foreign investments, business contracts and M&A. Verónica Franco handles high-profile M&A transactions, and Eduardo Ammatuna advises multinationals on day-to-day matters, as well as specific projects in which he is praised by clients for his 'vast experience and knowledge'. Senior associates Raúl Pereira and Claudia Arietti come with client recommendation. Counsel Guillermo Jover focuses on corporate real estate matters, and Manfred Heyn, Dario Capurro, and Yamina Centurion are active senior associates in the team.
‘Ferrere Paraguay is distinguished by its excellence and speed in responses. The predisposition towards the client is always outstanding. All legal queries are analysed and answered with high legal and industry standards.‘
‘Raúl Pereira is extremely outstanding in his daily work. The response times and analysis carried out are excellent. His disposition towards his clients has surprised us (and continues to surprise us) since it is not easy to find a total disposition of an external advisor who can adapt to the times of in-house lawyers, and Raúl has succeeded. My entire thanks for being an advisor who always proves to be up to the task.’
‘I think the team is very up-to-date and they also share that update with customers through newsletters and talks. I define it as a very good comprehensive service.’
‘Human quality, professionalism, availability and efficiency.’
‘The firm proved to be professional, easy to communicate with (which is key), orderly, and demonstrates expertise for structured and long-term credit operations.’
‘Carlos Vasconcellos and Claudia Arietti: what characterises them is that they are experts in the subject, with a lot of experience, easy to communicate with (always available for face-to-face and/or virtual meetings). But what characterizes both of them the most is that they are always looking for alternative solutions (win/win) in contract negotiations, which is highly valued.’
‘Ferrere’s strongest points in relation to its competitors are the availability of its associates to collaborate with the company’s needs and the time in which they attend to queries/matters, since they do so with great speed and quality.’
‘Eduardo Ammatuna is always willing to collaborate with the needs of our company. In addition, he has vast experience and knowledge of the business, which makes him stand out from the competition.’
Cervepar (Anheuser Busch-Inbev)
Marfrig Global Foods
Amazon Web Services
Hidrovías Do Brasil
The Walt Disney Company
J. Fleischman Y Cia
Farmacéutica Paraguaya (Fapasa)
CMPC – Softys
- Advised Rabobank, as major shareholder of Paraguayan bank Banco Regional, on the merger proposal of Sudameris and Banco Regional.
- Advised Heinzel Holding on its first equity investment in Latin America, whereby it will acquire 25% of Paracel shares.
- Acted for Vale on the sale of Transbarge Navegación.
‘Ferrere has been a market benchmark for several years, due to its ability to respond quickly to requirements, the level of precision of its proposals and consultancies, its high technical capacity, its ability to empathise with internal issues to project solutions, and the permanent availability of part of the entire team. The security that they transmit with their orientations is highly valued by us as clients.’
‘The speed, practicality, availability of each one of the Ferrere professionals, the technical solvency, the security and accompaniment that they transmit, all of them have the same line and are absolutely for their clients. Marysol Estigarribia as head; her leadership, empowerment of the team and management capacity in every way are noticeable.’
‘We recommend Marysol Estigarribia and José Trinidad.’
‘We are totally happy with the service from Ferrere. They are top notch professionals and provide the best guidance available in Paraguay.’
‘I have worked with Matias Chaves and Marysol Estigarribia. They both are very professional and able to provide great legal advice. Matias is very hands on and available to assist. We have been working with the firm on labour and employment matters in Paraguay, and we are very happy with the level of advice provided. Advice is clear and straight to the point.’
‘Fully qualified to provide quick responses to needs. Versus other firms, I would mention accessibility in communication. There really is a feeling of working with allies who are always looking out for the best interests of the company.’
‘Immediate assistance is provided in response to needs. Practical and fast solutions and constant monitoring are provided by Marysol Estigarribia and Antonella Llamas.’
Leoni Wiring Systems
Mosaic Fertilizantes Paraguay
Nestlé Business Services
Editorial de Negocios
Assist Card Paraguay
DSM Nutritional Products
Shopping del Sol
Mediterranean Shipping Company
- Advised Globalization Partners on setting up its business in Paraguay and on the implementation of labour documents and policies.
- Advising DVA Group on restructuring its personnel and operations in Paraguay, which includes the transfer of employees from Manpower to DVA Group’s own legal entity.
- Advised Transbarge Navegacion on an audit carried out by the Ministry of Labour, which resulted in no fines imposed.
Carlos Codas; Maurizio De Oliveira
‘Immediate communication of the status of files.’
‘Personalised and cordial attention.’
‘A very competent office that responds to queries quickly and with technical quality. It is a proactive office and supports our company in the search for creative solutions aligned with the business.’
‘Dario Capurro is very clear in his legal orientations and answers the company’s queries very quickly.’
Farmacéutica Paraguaya (Fapasa)
La Independencia de Seguros
El Sol del Paraguay Compañía de Seguros y Reaseguros
Marfrig Global Foods
Industrias Citrícolas del Paraguay
- Advised Terminal Occidental on its approval as the first free trade zone in services in Paraguay.
- Assisted Financiera UENO with obtaining authorisation from the Paraguayan Central Bank to change its license and operate as a bank in the Paraguayan market.
- Acted for TK Elevator on several summaries before the public procurement national directorate.
Néstor Loizaga; Miguel Saguier
‘We chose to work with Ferrere due to the professionals and their experience in the area.’
‘Miguel Saguier provided us with advice that reflected all his experience in the field. His legal opinions were accurate.’
‘We have had very good experience with our defence by the firm in a very complex case. The transparency and clarity in the delivery of information, as well as the quality of the work, seem to me aspects to highlight from the team.’
‘It seems important to me to highlight the availability of the people who make up the team, including Néstor Loizaga and Miguel Saguier.’
Banco Nacional de Fomento
Regional de Seguros
- Advising Agroceres on claims regarding trade mark law and the specific performance of a commercial contract.
- Representing Regional Seguros in several claims related to life insurance and collective policies.
- Advising AstraZeneca on a process arising from the termination of a distribution agreement that has reached the Supreme Court.
Paraguay > Environment Tier 2Guillermo Jover rejoined Ferrere in 2021 as counsel in order to head the firm’s environment team, which is now a standalone practice. The team has an in-depth knowledge of environmental legislation and regulations in Paraguay, and advises clients on environmental licenses, due diligence and compliance audits. The firm assists clients with the environmental aspects of corporate and commercial transactions, as well as handling complex environmental issues in litigation. The team operates at a national and international level, assisting clients with the potential installation of green hydrogen and ammonia production facilities, the issuance of green bonds and sustainable finance products. Jover is an environment law specialist, with experience assisting multilateral organisations, local and foreign companies and investment funds from the construction, forestry and agriculture, and energy and hydrocarbons industries. He has also led the team into the voluntary carbon space, advising carbon credit buyers, developers, and sellers, and collaborating on proposals and legislations. Senior associate Marcelo Rodríguez has specific experience in environmental litigation, and advises clients on environmental regulations and compliance, as well as M&A due diligence processes.
Corporación Andina de Fomento (CAF)
International Development Bank (IDB)
Amazon Web Services
Marfrig Global Foods
Hidrovias Do Brasil
Atome Energy PCL
Consorcio Costanera Sur
- Advised Heinzel Holding on its equity investment in Paracel, on applicable environmental regulations, development of carbon offset projects, and environmental compliance of the target company.
- Advised Darling Ingredients on its $1.2bn acquisition of Gelnex, a Brazilian partnership operating in the gelatin and collagen industry, with presence in Brazil and Paraguay.
- Advised Nyne Waters on its acquisition of various assets from Indusur, a local water bottling company, as part of a water extraction, treatment, and bottling plant.
Néstor Loizaga; Montserrat Puente
‘The team is great. Their service is accurate, fast, and they think outside the box for the client’s demand.’
‘Montserrat Puente is a very good attorney: she is responsive and assertive.’
‘Highly professional, with extensive experience in the practice of intellectual property.’
‘Accessible, extensive experience in intellectual property practice. Accessible all the time. Excellent results when requesting services.’
‘Ferrere has very competent and highly-informed professionals in the matter. They seek to find effective solutions for customers and are accessible in terms of costs and times. The promptness of response and the completeness of their advice on the issues consulted are exceptional.’
‘Montserrat Puente has been a comprehensive advisor on complex issues, for clients who manage very large portfolios. She gives the peace of mind that you are in the best hands.’
‘Ferrere is a very competent IP law firm, with a diverse team capable of attending to simple and complex matters.’
‘Montserrat Puente is a very attentive professional, with years of experience in the area, and is always willing to answer our questions.’
Association A Todo Pulmón
Rádio e televisão Bandeirantes (via Peduti)
Vet Plus Tangerine Group UK
Sociedad Anónima Damm
Grupo Solid (Guatemala)
British American Tobacco
The Hoff Brand
BFL Metal Production
- Assisting Rede Agro with a cross-border matter to defend the trade mark ORBIA.
- Represented Gloria in oppositions to its trade mark ECOLAT.
- Represented the Chilean vineyard Bodega Emiliana in the judiciary instance of an opposition filed by the Emilia Romagna association.
Paraguay > Tax Tier 2Ferrere has extensive experience in both tax and customs matters, advising on tax structures, transfer pricing reports and assisting international clients with operations in Paraguay. The group has expertise in tax litigation, handling cases from a variety of sectors, including digital services, hydrocarbon exploitation, special investment regimes, security markets, infrastructure and financial services. The firm has also been involved in the drafting of tax laws and regulations, actively assisting the Paraguayan Tax Administration, and in the implementation of free trade zones. Néstor Loizaga co-leads the team, offering advice on the tax aspects of investment regimes, M&A and corporate structures, and assistance with tax litigation. Practice co-head Erika Bañuelos is a senior associate with over 15 years’ experience advising national and international clients on tax and customs issues, including administrative processes, tax refunds, and proceedings against the tax authorities. Senior associate María Julia Méndez is an active member of the team, with experience in tax planning at both a national and multinational level. Tanya Moreno joined as senior associate in November 2022 from EY.
Erika Bañuelos; Néstor Loizaga
‘It is a very professional and focused team, showing solidity in the solutions. Undoubtedly, it is a firm with a prestige in the market that gives additional coverage to define analysis for decision making.‘
‘The team in general is empathetic and homogeneous in terms of cordiality and proficiency. Whenever necessary, we had responses on time and with the professional’s commitment, which adds value to the information and work.‘
The Walt Disney Company
Marfrig Global Foods
Hidrovias Do Brazil
Consorcio del Sur (Eurofinsa and Ingeniería de Topografía y Caminos)
Asociación de Transitarios del Paraguay y Operadores Logísticos
Leoni Wiring Systems de Paraguay
- Advised Terminal Occidental on negotiating the contract with the government to operate the first free trade zone for services.
- Advised Rabobank on the merger proposal between Sudameris and Banco Regional.
- Advised Emergent Cold on the acquisition of a cold storage facility in Uruguay and Paraguay.
Ferrere > Firm Profile
Ferrere has established itself as a leading law firm in Paraguay, following more than a decade of steady growth and participation in some of the largest deals in the market and advising a portfolio of clients consisting of 70% of international enterprises including 17 of the biggest companies in Latin America according to America Economia. Ferrere counts with a local team of more than 40 professionals with unparalleled experience in all branches of law. The firm fosters specialization, but also promotes wide-reaching training of its professionals, so that they can better understand the needs and businesses of its clients.
Ferrere is the only multi-jurisdictional, purely South American law firm. It has +200 attorneys throughout Bolivia, Ecuador, Paraguay and Uruguay and stands out for its US-style structure, methodologies and policies. The firm has developed international standards and homogeneous services, guaranteed by integrated, vertical practice groups and procedures, and a firm-wide training programme.
Ferrere is exceptional in the four jurisdictions in which it operates. It is a fully merit based organisation and has a mandatory early retirement policy and a strong focus on promoting diversity, with women making up 30% of the partnership. Many of Ferrere’s lawyers have US or European degrees and have worked for global law firms, financial institutions or at the headquarters of major multinationals. Regional and international companies, as well as global law firms, take advantage of the firm’s footprint to achieve full coverage of the region.
The firm has invested decades of hard work building practice groups dedicated to the areas of both law and industry. The firm’s industry specialization is a differentiating feature that, along with cutting-edge technology, allows it to provide clients outstanding quality legal advice with a high level of cost efficiency. Ferrere’s regional structure and depth of resources also enable it to handle the most complex cross-border and multi-jurisdictional transactions.
The firm regularly deploys members of its highly specialised talent pool to any jurisdiction where they may be required, at any time.
Clients: The firm advises mainly multinationals, including five of the top 25 Fortune 500 companies, global financial institutions and some of the largest Latin American companies. Many large global law firms also use Ferrere to complete their coverage of the region, given its multijurisdictional presence.
Main areas of practice
Banking and finance: Ferrere has outstanding work relationships with commercial banks and major multilateral lending organizations operating across the region.
M&A: Ferrere is consistently involved in almost all the market’s biggest and most sophisticated transactions and high-value projects.
Corporate: Ferrere has an outstanding team who are able to handle the biggest, most complex cross-border deals, as well as multi-jurisdictional transactions in the countries it operates in.
Dispute resolution: a significant part of the firm’s dispute resolution work involves the representation of clients who are not corporate clients, but who resort to Ferrere for their most complex commercial, investment, administrative or tax disputes.
Tax: Ferrere’s tax practice group advises clients on all tax matters and participates in business structuring, from corporate mergers or acquisitions through obtaining tax benefits for investment projects.
Employment: Ferrere is equally strong in the entire range of contentious and non-contentious labor and employment matters and focuses on providing high-quality advice on large, complex and highly strategic matters.
Intellectual property: Ferrere represents individuals and companies in developing and protecting their products, in drafting their assignment or license agreements, and in litigation focusing on violation of trademarks, patents, copyrights or unfair competition.
Energy and natural resources: Ferrere represents gas and liquid fuel as well as renewable energy companies. It advises the industry’s principal companies on day-to-day legal affairs, partner relationships, and governmental and regulatory matters.
Anti-corruption/compliance/internal investigations: Ferrere has unmatched experience in risk management and compliance. The firm’s multi-jurisdiction coverage and its practitioners’ international experience assure clients the meticulous and multifaceted approach required by today’s interconnected regulatory environment.
Other fee-earners: 250
Managing partner: Néstor Loizaga
Torres del Paseo, Torre I – Nivel 25, Avda. Santa Teresa N° 2106
T: +595 21 318 3000
F: +595 21 318 3113
|Managing Partner||Néstor Loizaga|
|Mr Eduardo Ammatuna||Partner||View Profile|
|Mrs Claudia Arietti||Senior Associate||View Profile|
|Mrs Erika Bañuelos||Senior Associate||View Profile|
|Mrs Erika Bañuelos||Senior Associate||View Profile|
|Mr Dario Capurro||Senior Associate||View Profile|
|Mr Carlos Codas||Partner||View Profile|
|Mr Maurizio De Oliveira||Senior Associate||View Profile|
|Mrs Marysol Estigarribia||Partner||View Profile|
|Mrs Verónica Franco||Partner.||View Profile|
|Ms Pamela Lezcano||Senior Associate||View Profile|
|Mrs Antonella Llamas||Senior Associate||View Profile|
|Mr Néstor Loizaga||Managing Partner – FERRERE Paraguay||View Profile|
|Mrs María Julia Méndez||Senior Associate||View Profile|
|Mrs Montserrat Puente||Senior Associate||View Profile|
|Mr Miguel Saguier||Senior Associate||View Profile|
|Mr Carlos Vasconsellos||Partner.||View Profile|