BKM | Berkemeyer remains a go-to firm for major players in the corporate sector, both in Paraguay and internationally. The ‘unparalleled’ team continues to add to its extensive clientele, taking on new clients across the pharmaceutical, oil and gas and real estate industries. It handles M&A, JVs, and the incorporation of companies, as well as dissolutions and liquidations. Clients also retain the firm to provide corporate and commercial advice on an ongoing, day-to-day basis. The practice excels in the negotiation of various commercial contracts and the drafting of distribution contracts for international companies. The firm has also developed a strong practice of advising family holdings in the corporate and agribusiness sectors, handling restructurings and drafting internal protocols. Hugo T. Berkemeyer and Carla Sosa lead the team alongside Manuel Arias, who handles corporate and commercial matters on behalf of both national and international companies. Associate Antonio Berkemeyer plays a lead role in some of the team’s key mandates, with a particular focus on corporate compliance, while Alexander Berkemeyer excels in the negotiation and revision of contracts. As well as participating in M&A, associate Andrés Nasser also focuses his practice on commercial contracts. Carlos Vargas, Milena Sljivich, Vivian Maldonado and Álvaro Rojas are also active associates in the team. Mauro Mascareño left the firm in March 2024 for Mascareño Vargas - Asesores.

International clients continue to seek out Ferrere as a one-stop shop for all corporate matters, and the firm has a successful track record advising on the establishment of operations in Paraguay. Its impressive roster of national and multinational clients spans the full range of sectors and the firm participates in transactions at the top end of the market, including M&A and JVs, as well as handling general corporate matters, such as contracts and compliance. Practice head Néstor Loizaga leads on major transactions in the financial sector, often on a cross-border basis. Carlos Vasconsellos is also active in sector-significant mandates, handling foreign investments and complex commercial contracts and business agreements. Verónica Franco brings international experience to the team, as well as experience in regional M&A. Eduardo Ammatuna focuses his practice on the fluvial and logistics sector, advising significant players on acquisitions, restructurings and key projects. As head of the firm’s real estate and environment practices, counsel Guillermo Jover broadens the team’s sector-specific offering, advising on investment and acquisitions in the real estate industry. At the senior associate level, Claudia Arietti is regularly called upon by multinational corporations to advise on day-to-day corporate matters, while Manfred Heyn boasts a clientele of private, public and multilateral entities that he advises on M&A and debt restructuring. Raúl Pereira is another key contact in the team.

Foreign investment is one of the core areas of Peroni Sosa Tellechea Burt & Narvaja’s practice and the team advises major international and local players on their operations in Paraguay. It fields a robust M&A and JV practice, guiding clients from due diligence processes and Paraguayan regulatory matters to acquisitions and corporate structuring. The team’s stellar client list sees it active in projects and agency and distribution agreements across the pharmaceutical, real estate and agribusiness sectors and the group also boasts particular expertise in the aviation industry. The firm plays a key role in the drafting of legislation and corporate compliance is a key element of its practice. Advising major players in the mining, oil and aviation sectors, practice head Esteban Burt handles M&A and corporate structuring and restructuring. Francisco Peroni excels in the negotiation and drafting of distribution, representation and agency agreements. Strengthening the team’s tax offering, Eduardo Alfaro advises clients on foreign investment projects. Victoria Burt leads the firm’s compliance practice. Senior associate Vanessa Oddone focuses on the energy sector and specialises in matters related to bitcoin and data centres. Estefania Elicetche is an active associate in the team, participating in cross-border transactions.

Leading the way in major investment projects in Paraguay, Vouga Abogados guides national and international clients throughout the full project life cycle, from company incorporation to sale and purchase and shareholders agreements. Its ‘exceptional’ M&A practice participates in large-scale acquisitions, operating at an international level; the team is regularly involved in cross-border M&A transactions. Its involvement in the drafting of legislation makes the group well-placed to assist in developing and implementing compliance programs and advise on regulatory matters, particularly in highly regulated sectors, such as the oil and gas industry. The agribusiness sector is another focal point, and the firm boasts an impressive clientele of large grain and commodities companies. Rodolfo Vouga Müller co-leads the team alongside Perla Alderete, who advises companies on restructuring and reorganisation and is skilled in the drafting of commercial contracts. Practice co-head Rodolfo Guillermo Vouga plays a lead role in the team’s work for Paracel, while Carlos Vouga spearheads transactions for Cargo Line. Rodrigo Fernández de Nestosa  ‘s broad corporate practice encompasses compliance, distribution and franchising advice. At the senior associate level, Manuel Acevedo‘s impressive roster of clients includes significant international corporations and Cecilia Vera plays a lead role in due diligence processes and the negotiation of transactional documents, particularly in the energy, telecoms and banking sectors. Walter Vera and Camila Dutra are associates to note.

Assisting clients throughout the full life cycle of transactions, Estudio Jurídico Gross Brown advises from due diligence to the structuring and closing of deals. Its expertise encompasses M&A, JVs and the establishment of operations in Paraguay. Participating in multi-jurisdictional and cross-border transactions, the team advises a growing list of international clients across various sectors, from the media and technology to the agribusiness sectors. With an established regulatory and administrative practice, it is regularly sought out to advise on public policy, compliance and regulatory matters. Practice head Jorge Gross Brown provides international corporations with corporate advice on a daily basis. Sigfrido Gross Brown takes a lead role in many of the firm’s key commercial mandates, including advising Sudameris Bank on its absorption of Banco Regional. Senior associate Pablo Debuchy is active in M&A and franchise establishment in Paraguay, alongside associate Kamila Gimenez, who focuses on the drafting of internal bylaws and policies. Associate Camila Basili is adept at drafting complex commercial agreements and advising on corporate governance. Alvaro Portillo is also an active associate.

Well-positioned to advise on cross-border matters, Moreno Ruffinelli & Asociados is experienced in advising multinational companies on Paraguayan regulations. The team has a successful track record in complex M&A, as well as JVs and project development. As well as corporations, the firm remains a go-to choice for individuals, and the group’s roster includes clients from the technology, aviation and transport, logistics and real estate sectors. José Moreno Ruffinelli leads the team and is experienced in assisting companies in establishing their operations in Paraguay. Carlos Darío Ruffinelli advises international clients not only on corporate and commercial matters but also on other aspects of transactions, such as customs and labour law. Maria Esmeralda Moreno is active in the drafting of contracts, including joint venture agreements. Diego Moreno focuses his practice on the agriculture and construction sectors. Qualified in both Paraguay and Argentina, María Inés Segura strengthens the team’s cross-border capabilities. Roberto Moreno has left the firm for a public-sector position.

Palacios, Prono & Talavera‘s corporate practice continues to grow, with the recent addition of new clients across the agribusiness, banking, retail, pharmaceutical, and maritime and logistics sectors. The team advises its diverse roster of clients on M&A, as well as providing day-to-day corporate advice, including the drafting of commercial contracts. Specialising in the agribusiness industry, Raúl Prono leads the team and advises clients on M&A, as well as providing representation in commercial litigation. Practice co-head Carlos Palacios brings extensive in-house experience to the team, leading on major acquisitions. Leticia Prono is active in M&A and reorganisation processes, along with Maria Julia Palacios. Associate Gabriela Torio plays an active role in the team, particularly in the negotiation of distribution contracts.

With offices in Asunción, Encarnación and Ciudad del Este, Olmedo Abogados is well-positioned to advise clients on both a national and international level; the team advises international clients from their incorporation into Paraguay. M&A, restructuring, the development of new products and compliance are also among the firm’s areas of expertise. It is retained by foreign and domestic clients alike to provide corporate advice on a daily basis. Practice co-head Gustavo Olmedo advises banks, financial institutions, and insurance and reinsurance companies on various commercial matters. He leads the team alongside José Ignacio Olmedo, who is involved in the drafting of local legislation, and ‘outstanding partner’ Alejandra Olmedo, who is skilled in the drafting of franchise, distribution and representation agreements. Associate Jose Vargas Peña represents clients in corporate litigation and disputes related to commercial agreements.

Commercial contracts are a core part of Altra Legal‘s practice and the team excels in the provision of contractual advice and the drafting of sale and purchase, turnkey supply and distribution contracts. With a particular focus on the agribusiness sector, the team specialises in acquisitions of both companies and real estate intended for development projects. José Antonio Moreno Rodríguez leads the team, alongside counsel Larissa Lacout Podestá, who advises key players in the market on expansion, the establishment of operations and complex M&A. Counsel Esteban Acha is responsible for coordinating the corporate legal department, focusing on corporate and commercial matters across the automotive industry, financial, biodiesel and telecommunications sectors. Andrea Reiser and Adriana Sánchez Mussi are other names to note. Associate Ruth Schneiderman focuses her practice on corporate contracts and compliance, and Gabriela Melgarejo Allen is also an active associate on the team.

Prominent in the start-up space, Colab counts a number of venture capital funds among its clients and advises on the establishment of operations in Paraguay, with comprehensive tax planning services. The firm’s diverse roster of clients spans the agriculture, energy, aviation and real estate sectors. Corporate compliance is a key focus and the team is adept at handling due diligence processes and corporate governance matters. It is active in M&A, restructurings and the drafting of commercial contracts and agreements. Practice head Jorge Gross Brown leads the team in its focus on foreign investment in Paraguay. Mauricio Salgueiro advises an extensive list of start-ups and both local and regional VCs, with a particular focus on the technology sector. Sofia Schuartzman is an active junior associate.

Distinguished by its focus on the real estate sector, Parquet & Asociados advises on significant real estate projects, the drafting of sale and lease agreements, distribution contracts and corporate governance. Multinational companies looking to invest in Paraguay regularly seek out the firm for counsel, and it represents international clients in contractual negotiations with Paraguayan entities and in their incorporation into the country. As head of the team, Javier Parquet Villagra advises an impressive list of international clients on acquisitions, tender processes and project development, with a focus on the telecoms and construction industries.  Associate David Dominguez Villalba demonstrates aptitude in compliance matters, participating in the drafting of company bylaws. Blas dos Santos left the firm in March 2024.

Mersán Abogados‘ corporate team counts both individuals and corporations among its clients, as well as associations, business chambers and foreign embassies. The team advises on matters related to M&A, at both a national and international level. Oscar A Mersán is a specialist in corporate law, with a roster of multinational corporations, and heads the team alongside Diego Zavala Serrati, who brings a strong background in competition law to the group. Pablo Cheng Lu advises companies from their establishment through to compliance matters and disputes. Tomás Mersán provides day-to-day corporate advice to an impressive list of national and international companies. Romina Cardozo León, Gustavo Gómez and Carmen Belotto are active associates in the team.