Olmedo Abogados > Asunción, Paraguay > Firm Profile

Olmedo Abogados

Paraguay > Dispute resolution Tier 1

Olmedo Abogados assists its clients in an impressive array of disputes, covering commercial, banking, employment, damages and criminal cases, among others. The team's client list features major domestic and international companies from a breadth of industries, with a particularly high proportion of the major banking and finance entities in the country look to the firm for representation in disputes. Enrique Zacarías heads the litigation department and has handled civil, commercial, mediation, insolvency and competition matters at all stages of litigation for over 35 years. Sebastian Olmedo is the primary contact when it comes to the firm's work in handling banks' and private companies' debt portfolios, and José Ignacio Olmedo has a strong litigation practice, as well as working on a number of international arbitral proceedings. Supporting the practice heads are a strong group of senior associates: Martín Riera is especially strong in estates and property disputes; Rocío Perez is noted for criminal, corporate and commercial matters; and Fernando Gadea focuses on insurance, administrative and civil litigation.

Practice head(s):

Enrique Zacarías; Sebastian Olmedo; José Ignacio Olmedo

Key clients

Banco Regional

Socopa International (Socinter)

Symbiose – Agro

Trafigura PTE

El Sol del Paraguay Compania de Seguros y Reaseguros

Caterpillar Leasing Chile

Agropecuaria del Parana

Megalabs Paraguay

Compañia Administradora de Riesgos (Carsa)

Banco Nacional de Fomento

Work highlights

  • Represented Banco Regional in a lawsuit seeking compensation of $390,000 from three bank officials.
  • Representing Socinter in a $440,000 compensation claim against Frigorífico Concepción.
  • Defending Trafigura PTE against a lawsuit of unconstitutionality that was filed before the Supreme Court of Justice against Law No. 6355 / 19.

Paraguay > Banking and finance Tier 2

Olmedo Abogados fields a banking and capital markets department that counts major local banks Banco Continental and Banco Regional among its regular clients. This area is managed by four experienced partners: Gustavo Olmedo is an elder statesman and reference in the field, with longstanding experience in Paraguay's major finance transactions, as well as bank insolvency procedures; Graciela Royg is an expert in corporate finance and capital markets, and has worked on a number of bank mergers in the country; José Ignacio Olmedo has advised several foreign companies on financing operations to local companies; and Ana Peña has recently advised on a number of capital markets transactions and regulatory matters. Enrique Zacarías is a name to note for banking litigation, and senior associate Alejandra Olmedo is often involved in structuring secured and unsecured financial transactions involving major lending institutions.

Practice head(s):

Gustavo Olmedo; José Ignacio Olmedo; Graciela Royg; Ana Peña

Key clients

Banco Continental


Banco de Occidente Panama

Banco  Rio

Compañia Administradora de Riesgos (Carsa)

Banco Regional

Feller Rate Calificadora de Riesgos

Financiera Paraguayo Japonesa

Work highlights

  • Advised Banco Continental as trustee in an administration and guarantee trust implemented to guarantee a syndicated loan of $100m.
  • Advised Finexpar as trustee in an administration and guarantee trust implemented to guarantee a syndicated loan of $100m, granted to Cementos Concepción for the construction of a cement, agricultural lime and concrete plant in San Lázaro.
  • Advised Banco Regional on the negotiation of Paraguayan treasury bills (Letras de Regulación Monetaria) issued by the Central Bank of Paraguay in the secondary market.

Paraguay > Environment Tier 2

Olmedo Abogados' environmental law department advises on liability issues; the development and execution of environmental plans; and obtaining licenses, permissions and authorisations from public authorities. Corporate law experts José Ignacio Olmedo and Gustavo Olmedo jointly head the practice, adding a consistency to all advice given to its clients in the agrichemical and energy sectors.

Paraguay > Administrative law Tier 3

Olmedo Abogados acts for public sector entities, private enterprises and individuals in all types of transactions that have an impact on the public sphere. José Ignacio Olmedo and senior partner Gustavo Olmedo coordinate the administrative law and privatisation practice, which is particularly noted for its expertise in contentious administrative proceedings, but also covers permit applications, public tenders and expropriations and seizures, among other areas.

Practice head(s):

Gustavo Olmedo; José Ignacio Olmedo

Paraguay > Corporate and M&A Tier 3

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.

Practice head(s):

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.

Key clients

Starr Insurance Holdings

Banco Regional

Asociason de Productores y Exportadores de Carne (Apec)

Elkem Paraguay

Duratex Brasil

Woden Paraguay

Kin Master Paraguay


Plan International

Puma Energy

Work highlights

  • 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.

Paraguay > Intellectual property Tier 3

The IP practice at Olmedo Abogados continues to grow, with an increasing number of companies looking to the team for trade mark filings. The department has also claimed a significant share of the country's burgeoning patent filing market, particularly in pharmaceuticals. Associate Julia Schmidt is the primary IP expert in the team; with 15 years' experience, she focuses on patents, utility models, industrial models and copyright, and co-leads the department alongside Sebastian Olmedo, who adds broad experience in various sectors.

Practice head(s):

Julia Schmidt; Sebastian Olmedo

Key clients




Entertainment One UK

Astley Baker Davies

Puma Energy

Embotelladora Central

Compañía Cervecera Asunción


Comercial Franca Pisani

Woden Colombia

Shandong Weifang Rainbow Chemical

Compañia Administradora de Riesgos (Carsa)

Work highlights

  • Advising Amandau on its licenses, use of a trade mark, and an international audit of its assets.
  • Assisted Puma Energy with the renewal of the trade marks of its subsidiary Ultrapar.
  • Assisting Chilean clothing company Comercial Franca Pisani with its trade mark registrations, as well as litigation against an infringer.

Paraguay > Labour and employment Tier 3

Olmedo Abogados offers broad labour and employment law services, covering advisory matters in addition to contentious issues and labour litigation, complementing the firm's leading dispute resolution practice. Ana Valiente has extensive experience in both labour litigation and advisory matters, handling stability issues, dismissals, and labour union, wage and hour claims. She co-leads alongside Susana Ramos, who is also noted for her labour litigation advice, and Maria Ines Galeano, who assists several local and international companies on daily employee relations.

Practice head(s):

Ana Valiente; Susana Ramos; Maria Ines Galeano


The team of professionals in the work area of ​​Olmedo Abogados is of high level, so the advice they provide is of quality, allowing us to make informed decisions in the different cases we deal with.

Olmedo Abogados’ labour lawyers are highly trained and have vast experience in the field, which allows them to provide advice that meets our expectations.

Excellent personalised attention and quick action in cases.

Key clients


Adare Internacional

Binary Paraguay

Atl Logistica



El Sol del Paraguay y Cía de Seguros y Reaseguros

Nidera Paraguay Granos y Oleaginosas

Caja de Jubilados Bancarios

Abbott Group

Work highlights

  • Assisted Binary Paraguay with a number of labour issues, including benefits provided to employees, as well as regular updates on the government’s Covid-19 regulations.
  • Advised ATL Logistica on the drafting and negotiation of labour contracts of its workforce, including designing a complex employee rotation system.
  • Acted for Amtrust in the dismissal of its general manager and negotiation of the compensation package.

Paraguay > Tax Tier 3

In tax matters, Olmedo Abogados is particularly noted for its strengths in litigation, while its advisory practice covers a broad range of work, from audits and structuring to tax incentives. José Ignacio Olmedo and Gustavo Olmedo jointly coordinate the department.

Olmedo Abogados is a full-service law firm based in Asuncion, Paraguay, whose strong roots extend to more than 36 years of recognized professional practice in the national and international legal market.

The need to find efficient, responsive, specific and cost-sensitive solutions to the client’s needs – especially given Paraguay’s current business climate and dynamic economic growth – is at the core of Olmedo Abogados.

The firm: Olmedo Abogados is built upon a consolidated prestige of almost four decades of experience and leadership in the market, boosted by a dynamic thrust of new generations of lawyers with significant international exposure, with a clear objective: to meet this new economic climate with legal services of the highest quality.

Two key elements of the firm – its well-known experience and its vision of the future – have allowed it to become the law firm of choice of local and international clients in their most significant legal conflicts, important business transactions and most challenging controversial matters.

The firm has developed a work dynamic based on a truly multi-disciplinary perspective, and is thus able to provide specialized and comprehensive advice to its clients, with the added value that arises from a global approach, which calls for every angle to be considered.

Olmedo’s distinctive mark: it offers integral advice from beginning to end, with a culture focused exclusively on its clients’ complete satisfaction.

Main areas of practice: Olmedo Abogados is a full-service law firm having the following areas as main areas of practice: administrative law and privatizations; environmental law; banking and capital markets; corporate, commercial and mergers and acquisitions; telecommunications, radio and media and internet; tax and customs; real estate and construction; private international law and international commerce; labor and social security; maritime and air; criminal law; distribution, franchising and antitrust; personal wealth and inheritance planning; family law; hotels and gambling; insolvency and restructuring; foreign investments; litigation, arbitration and mediation; agribusiness; intellectual property, trademarks and patents; and insurance.

Litigation Enrique Zacarías
Litigation Sebastian Olmedo
Litigation Jose Ignacio Olmedo
Foreign companies Jose Ignacio Olmedo
Foreign companies Alejandra Olmedo
Banking Ana Peña
Banking Graciela Royg
Insurance/Tax Gustavo Olmedo
Insurance/Tax Victor Aguero
Intellectual property Sebastian Olmedo
Intellectual property Julia Schmidt
Labor and employment Ines Galeano Estigarribia
Labor and employment Ana Valiente de Zaputovich
Real estate and construction Gustavo Olmedo
Real estate and construction Alejandra Olmedo
Other fee-earners : 23
Total staff : 51
Partners : 8