Expanding firm with international outlook
Olmedo Abogados is a strong player in the Paraguayan legal market, with notable strength in banking, corporate and disputes work.
It encourages specialisation among its lawyers, particularly in the fields of criminal, tax, labour and maritime law, and is investing to broaden its service offer. Olmedo Abogados has made white-collar crime a focus and is now unusual among multi-disciplinary firms in Paraguay for having two criminal lawyers. It recently hired two labour partners, having already established insurance and competition law areas.
The firm’s continued commitment to broadening its offering stands it in good stead to keep up with the demands of Paraguay’s booming economy, which has seen significant growth over the past few years amid new-found appeal to international investors.
Since the Olmedo partnership parted ways from their former colleagues (who are also listed in this chapter) four years ago, they have done a good job of positioning themselves for international companies doing business in the country. The firm ensures its service offer is up to international standards with a high proportion of lawyers who have LLMs or have worked in foreign law firms. Olmedo Abogados is keen to raise its international profile further by strengthening relationships with foreign law firms.
Clients praise the firm’s professionalism, tailor-made advice and availability.
Clients include Banco Regional and Banco Continental, insurance and reinsurance company El Sol, Puma Energy and the Kia Motors Corporation. The firm is targeting work from Chile.
Corporate and M&A
Key partners: Gustavo Olmedo is a prominent name. He is president of the Chilean chamber of commerce. His corporate work is recommended in LACCA Approved, in-house counsel research conducted by Latin Lawyer’s sister association, the Latin American Corporate Counsel Association. Enrique Zacarías is also active. Another corporate partner, Ana Peña, is highly recommended by her clients. Competition law is the domain of Jose Ignacio Olmedo.
Analysis: This is a core area that the firm wants to grow further. Olmedo Abogados has sought to benefit from the increasing number of multinationals looking to set up a base in Paraguay, advising several from the telecoms, mining, infrastructure and electronics sectors on the legal checklist they are required to meet to commence operations in the country. It is targeting Chilean companies that might benefit from Paraguay’s maquila law and has won work from Argentina. Lawyers are active in the insurance industry and have been developing a competition law offering.
Key partners: Sebastian Olmedo and Enrique Zacarías.
Analysis: This is one of the firm’s strongest areas. The team has been handling disputes arising from restructurings and has a high volume of work in the financial sector. Labour disputes are also a speciality. Olmedo Abogados is also investing in its criminal law offering and has two full-time criminal lawyers. It is strengthening relations with firms in other countries in this field.
Banking & finance
Key partners: Gustavo Olmedo is highly-regarded in this area. Enrique Zacarías is active while Graciela Royg and Ana Peña are experienced in trust work.
Analysis: The firm assists local and regional banks on various matters, including trust formation. Recently it has worked on financing in the agribusiness sector.
Project finance & infrastructure
Key partners: Infrastructure work falls to María Inés Galeano, Sebastián Olmedo and Gustavo Olmedo.
Analysis: Thanks to a recently passed public-private partnership bill, advice on infrastructure projects is becoming increasingly sought after in Paraguay, and Olmedo Abogados has created a team to cater to the demand. It has worked on logistic and utilities construction projects stemming from the new legislation. The firm’s client, Mota-Engil, won a bit to build a bus route in Asunción and is bidding for highway projects with the firm’s assistance.
Key partners: Alejandra Olmedo is on the board of local pro bono clearinghouse CIDSEP.
Analysis: Latin Lawyer recognises Olmedo Abogados as a Leading Light for pro bono work.