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.
Latin Lawyer continues with its overview of the region’s leading business law firms in Latin America, as analysed in the 17th edition of Latin Lawyer 250. Today the focus is on Paraguay.
Sullivan & Cromwell LLP in New York and Parquet & Asociados in Asunción have helped Paraguay issue sovereign bonds worth US$1 billion – the country’s largest-ever international issuance and the first since the settlement of a number of ICSID disputes.
With a rapidly growing economy and important legislative developments in the pipeline, Rachel Hall finds that Paraguay is a resource ready and waiting to be tapped
Cartels and near-monopolies will for the first time be regulated and punished in Paraguay, after the country’s first ever competition law brings it in line with global standards.
With double digit growth forecast for the coming year, Paraguay will need capable stewardship to seize the opportunity to develop from one of Latin America’s poorest countries into a strong emerging economy - as the country’s lawyers point out, perhaps it is no surprise that it is a businessman rather than a politician the country has elected.
Continuing with our series of reflections on the recent developments in legal markets of the jurisdictions featured in the 15th edition of Latin Lawyer 250, today we turn to Paraguay.