Four White & Case LLP offices and BKM | Berkemeyer in Asunción have helped consortium Rutas del Este – formed by Spanish construction company Sacyr and local counterpart Ocho – obtain a US$658 million hybrid financing for Paraguay’s first ever public-private partnership (PPP).
Proskauer Rose LLP in New York and São Paulo has helped GNB Sudameris’ Paraguayan branch become the largest bank in the country with the acquisition of BBVA’s local subsidiary for US$270 million.
Gross Brown has helped a UBS-built special purpose vehicle issue US$732 million in bonds on behalf of a construction consortium to finance the Corredor Vial Bioceánico toll road in Paraguay.
Jones Day in Miami and Washington, DC, and Vouga Abogados in Asunción have helped Paraguayan energy company Copetrol obtain a US$130 million loan to partly fund its acquisition of Petrobras' downstream assets in the country.
At least nine firms across seven Latin American jurisdictions have advised on a deal that saw private equity company Cinven sell assets belonging to telecoms provider Ufinet to two buyers, French private equity investor Antin and a fund controlled by Cinven.
Of the eight firms listed in the Paraguayan chapter of the Latin Lawyer 250, the largest is BKM | Berkemeyer with 43 lawyers, which is closely followed by Estudio Jurídico Gross Brown.
BKM | Berkemeyer has helped the joint venture company building Paraguay’s first public private partnership (PPP) project, Rutas del Este, obtain a bridge loan worth US$50 million.
Estudio Jurídico Gross Brown has helped Tigo, the Paraguayan subsidiary of telecoms provider Millicom, obtain a loan worth 367 billion guaraníes (US$67 million).
Ferrere (Paraguay) has helped the Inter-American Development Bank lend US$50 million to two Paraguayan banks, and back US$16 million worth of loans supplied to both by the country’s social security platform.
Paraguay has taken a major step toward the elimination of bearer shares by issuing a resolution forcing the financial sector to identify users of the instrument, amid concern from foreign banks about its use in the country.