Mr Néstor Loizaga > Ferrere > Asuncion, Paraguay > Lawyer Profile


Work Department

Corporate and commercial law, M&A, Banking and Financing, Project Finance, Distribution law, Compliance, Antitrust and Natural Resources.




Advisor to the Ministry of Foreign Affairs and the Ministry of Industry and Commerce, in IP and International Commerce related matters.


Corporate M&A 2013-2014, Legal Practice Guide, Chambers; Private Equity, Enforcement of foreign awards – Paraguayan Chapter, Juris Publication.


Spanish, English.


IBA – Bar Issues Committee; Latin American Council of the NY State Bar Association; International Law Section of the ABA; Paraguayan Bar Association.


George Washington University School of Law, LLM, 2003; Catholic University of Paraguay, JD, 1993.

Lawyer Rankings

Paraguay > Banking and finance

Regional heavyweight Ferrere fields a banking and finance practice renowned for advising multilateral organisations, including IDB Invest, DEG and FMO. The firm also has a number of international banks on its client list, which it frequently assists on major cross-border deals. Praised for its ‘well-synchronised work between partners and associates‘, the team is led by Carlos Codas, an expert in banking regulatory matters who is also experienced in the market’s major transactions. Verónica Franco is another key figure; in one highlight, she led the firm’s advice to Banco Continental on its $400m unsecured notes issuance, the first sustainable bond issuance by a Paraguayan issuer. Corporate practice head Néstor Loizaga is also an important contact here, and Carlos Vasconsellos is the name to note for international corporate financing. At the senior associate level, Claudia Arietti specialises in bilateral and syndicated loans, trusts, secured transactions and PPP and turnkey projects, while Pamela Lezcano has recently returned from London, where she received her LLM, and advises companies, banks and regulators on finance and capital markets.

Paraguay > Corporate and M&A

(Leading individuals)

Néstor LoizagaFerrere

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.

Paraguay > Dispute resolution

Ferrere‘s dispute resolution practice is focused on complex commercial litigation and is frequently instructed by multinationals, who benefit from the firm’s presence in various jurisdictions across the continent, providing consistency in representation. Disputes over distribution contracts are a strength of the team and were a feature of its workload in 2020, which included a case for AstraZeneca where the team has filed an unconstitutionality plea before the Constitutional Chamber of the Supreme Court of Justice. This was led by Néstor Loizaga with support from senior associate Miguel Saguier; together they coordinate the practice.

Paraguay > Intellectual property

As with many of its practices, Ferrere‘s intellectual property and regulatory affairs department has a strong focus on international clients, in addition to advising domestic companies from key industries such as agribusiness. Contentious matters are the team’s standout strength, with 2020’s highlights including a number of high-profile trade mark nullity actions. These were led by practice co-head Néstor Loizaga, whose presence in the team offers strong coordination with the corporate law and dispute resolution departments. ‘One of the most prepared lawyers in this area in the local market‘, senior associate Montserrat Puente is a highly regarded IP expert and the central day-to-day contact, co-leading with Loizaga. Fellow senior associate Miguel Saguier is also a name to note, with strength in IP disputes.

Paraguay > Tax

Ferrere‘s tax law department is best known for assisting international clients on the tax aspects of their operations and transactions in Paraguay, working closely with its corporate practice as well as sister accounting firm CPA Ferrere. The team also has a strong base of domestic clients, with Merco Par and Petrolera San Antonio being among a crop of new clients to this practice. The team’s recent workload has been dominated by assistance to multinationals on transfer pricing rules introduced in 2021, as well as on delays and amendments to tax reforms introduced in January 2020. Senior associate Erika Bañuelos is the primary contact; she is well versed in corporate restructurings, tax planning, investments in the country, and day-to-day queries. Corporate partner Néstor Loizaga co-leads with her, while María Julia Méndez and Horacio Sánchez are both regularly involved across all matters.