Ferrere

2014, Legal 500 Paraguay

BANKING & FINANCE

FERRERE is a second tier firm

Regional powerhouse FERRERE offers a ‘very high level of service equal to that of US firms’ and employs ‘technical lawyers with excellent drafting skills’. The team is also praised for going beyond mere legal counsel and being able to ‘coordinate work with the other parties involved’ in a transaction. The firm’s core banking and finance activity relates primarily to multilateral and bilateral loans, but large financial blue-chip institutions such as Bank of America, ABN Amro and Deutsche Bank are also on the client roster. Néstor Loizaga, whose advice is ‘always practical’, acted as lead partner in the representation of Inter-American Investment Corporation (IIC) regarding a lending facility granted to Hoteles Contemporáneos for the construction and operation of a Starwood Hotel. In another highlight, Carlos Vasconsellos led advice to Dutch development bank FMO on a $10m subordinated bond purchase agreement with Sudameris Bank, aimed at strengthening the latter’s capital base. A ‘great professional with knowledge, vision and integrity’, Vasconsellos is ‘well-versed in finance and banking law’ and noted for his ‘ability to simplify issues with an appropriate approach to the problem’. Other key practice members include senior associate Valentín Sánchez.


CORPORATE AND M&A

FERRERE is a second tier firm

Regional heavyweight and ‘top-quality firmFERRERE leaves clients ‘impressed with the range and depth of knowledge of both the associates and the partners’. With a ‘perfect blend between legal knowledge and business counselling’, the corporate practice group is well-versed in M&A, joint ventures and company incorporations, as well as day-to-day advice. Its impressive client list includes Cargill, Unilever and Petrobras. Practice head Néstor Loizaga is ‘very well connected and knowledgeable in many áreas’; he recently acted as local counsel for Elkem Foundry Invest regarding the formation of a ferrosilicon plant joint venture with Aleaciones Yguazú. The team has also been very active in the mining sector, advising export company Sociedad de Infraestructuras Iberoamericanas (SII) on a joint venture to exploit a mine. In February 2014, Marysol Estigarribia, who is experienced in M&A, labour and social security issues, was promoted to the partnership. Carlos Vasconsellos, an ‘excellent communicator’, is also highly recommended.


LABOUR & EMPLOYMENT

FERRERE is a third tier firm

FERRERE’s labour team plays a key role in the transactional and business-incorporation activity which the firm’s Paraguayan office is increasingly known for. It advises on all employment aspects of establishing and managing local operations in Paraguay; as well as undertaking labour due diligence and other labour-related transactional support. The team also advises international and national clients on day-to-day human-resource matters; for example, practice head Marysol Estigarribia, who was made partner in February 2014, is advising Brazilian mining company Vale on various issues including the termination of a senior staff member. Néstor Loizaga is also recommended.


TAX

FERRERE is a second tier firm

FERRERE’s tax department ‘impresses with the range and depth of knowledge of both the associates and the partners’. It is also praised for its ability to ‘quickly find referrals in the local business community in areas where they are not experts’. Led by Anibal Pangrazio, the team frequently advises businesses from the agriculture sector but its scope is not limited to that industry. Working in conjunction with ‘valuable resourceNéstor Loizaga, Pangrazio recently advised Norwegian foundry company Elkem on the possible tax benefits of establishing an electro-intensive plant in Paraguay.

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