Mrs Verónica Franco > Ferrere > Asuncion, Paraguay > Lawyer Profile


Work Department

Corporate and Commercial, M&A, Competition Law, International Capital Markets, Project Finance and Foreign Investment.




Rejoined FERRERE in 2017 after practicing at Cleary Gottlieb Steen & Hamilton LLP between 2015-2017.


Spanish; English; Italian; Portuguese


International Bar Association (IBA), NY Bar Association, American Bar Association (ABA), AIJA and current president of the Columbia Alumni Club in Paraguay.


Obtained her Law degree from the National University of Asuncion (summa cum laude) and Master of Laws degree (LLM) from Columbia Law School (New York). Further studies in Economics for Competition Law at King’s College (London). Admitted to practice law in New York and Paraguay.

Lawyer Rankings

Paraguay > Banking and finance

(Next Generation Partners)

Veronica FrancoFerrere

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 > Competition and antitrust

(Next Generation Partners)

Verónica FrancoFerrere

Ferreredemonstrates a real knowledge of the Paraguayan competition regime and the applicable procedures‘. The firm assists its client base of multinational, regional and domestic companies in obtaining clearance from the competition authority, and in matters related to anti-competitive practices. The highly regarded Verónica Franco leads the practice, which she has been developing since 2017; in addition to leading advice to the firm’s existing base of multinationals, Franco is also now starting to draw new clients specifically for this area. A highlight of 2020 saw her advising ICG Strategic Equity Fund III-A on receiving clearance from the competition authority following its indirect acquisition of control over five Paraguayan subsidiaries of Southern Cross Latin America Private Equity Fund IV.

Paraguay > Corporate and M&A

(Next Generation Partners)

Verónica FrancoFerrere

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.